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25/06/2002
Aldergrove contribution to TBI profits significant
The TBI group, which operates Belfast International, Luton and Cardiff airports, has reported a 26% rise in profits.
However, the most impressive figures for the company was a 16% rise in passenger numbers for Belfast International to 3.7m. This was in spite of the downturn for the airline industry following the September 11 attacks, and the loss of British Airways and part of the British Midland service to Heathrow.
Commenting on the results, Keith Brooks, TBI Chief Executive said: “This year’s excellent results demonstrate that our business has been able to withstand substantial market pressures, and importantly is able to adapt to change. These features remain and will, I believe, stand us in good stead for the future. 2001 was in many ways a watershed for the aviation industry, and the beginning of a different dynamic in air travel.
"We have a very strong portfolio of regional airports and related businesses, an excellent management team and a track record of acquiring and turning around and improving under-performing assets.
“I see the coming year as a period of relative consolidation followed by a very bright and encouraging future in the years beyond.”
TBI said the success of Belfast International lay in the fact that it was in a good location with strong established inherent demand for air travel from its catchment area.
On spending plans, the company said work was already underway to improve the range of retail and catering facilities with a new Bar des Voyageurs, Heros pub, extended Burger King and mini-shopping concourse.
(MB)
However, the most impressive figures for the company was a 16% rise in passenger numbers for Belfast International to 3.7m. This was in spite of the downturn for the airline industry following the September 11 attacks, and the loss of British Airways and part of the British Midland service to Heathrow.
Commenting on the results, Keith Brooks, TBI Chief Executive said: “This year’s excellent results demonstrate that our business has been able to withstand substantial market pressures, and importantly is able to adapt to change. These features remain and will, I believe, stand us in good stead for the future. 2001 was in many ways a watershed for the aviation industry, and the beginning of a different dynamic in air travel.
"We have a very strong portfolio of regional airports and related businesses, an excellent management team and a track record of acquiring and turning around and improving under-performing assets.
“I see the coming year as a period of relative consolidation followed by a very bright and encouraging future in the years beyond.”
TBI said the success of Belfast International lay in the fact that it was in a good location with strong established inherent demand for air travel from its catchment area.
On spending plans, the company said work was already underway to improve the range of retail and catering facilities with a new Bar des Voyageurs, Heros pub, extended Burger King and mini-shopping concourse.
(MB)
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