Millions of profit for Gatwick

Gatwick Airport in West Sussex has announced increased half-yearly profits of £172m, bosses said today. This was an increase of 4.8 per cent in pre-tax profits for April to September, compared with last year. Turnover for the first six months of the 2012/13 financial year was £325.8m.

Passenger numbers for April to September this year were 19.9 million - a 1.2 percent increase on the same period last year.

These strong half-year results come at the same time as Gatwick enters its fourth year under new ownership. In that time we have focused on growth and delivering greater passenger choice, convenience, better customer service and, crucially, more connections for both business and leisure travellers.

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."

– Stewart Wingate, Gatwick chief executive

He said it proved competition between airports provided the best service for passengers and this was why the airport would explore the options for a second runway.

Plans for Gatwick over the next three years will include focus on the short-haul flight market.