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Gatwick's pre-tax profits soar

Vapour trails left by a plane29/11/12

By Tim Groves

One of the UK's busiest airports for holidaymakers has revealed a significant increase in its half-yearly pre-tax profits.

London Gatwick, which is in West Sussex, has posted pre-tax profits of £172 million for April to September and that is a rise of 4.8 per cent on the same period in 2011. Turnover for the period also rose by 3.6 per cent to £325.8 million.

The airport is about to enter the fourth year under new ownership and the number of passengers has increased by 1.2 per cent to 19.9 million in the first half of the 2012/13 financial year, which Stewart Wingate puts down to the work behind the scenes.

"We have focused on growth and delivering greater passenger choice, convenience, better customer service and, crucially, more connections for both business and leisure travellers," said the chief executive of Gatwick Airport.

"Three years of competition has seen Gatwick grow its European short-haul business, while also opening up new routes to key markets in Russia, China, Vietnam and Korea. We have seen passenger growth throughout this period and our quality standards are today unparalleled."


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