Newcastle airport bosses warn the task returning the business to profitability is 'likely to be challenging'

"We expect the costs of operating the Airport to exceed income for a period of time." Credit: PA / ITV Tyne Tees

Newcastle Airport have announced that the cost to park on site is to increase.

Announcing the news in a press release, bosses say they expect the costs of operating the Airport to exceed income for some time as they begin to try and recover from the coronavirus outbreak.

Despite the recent return of some flights to the airport, the outlook for the aviation industry following the COVID-19 crisis remains 'uncertain'.

The statement however, offered reassurance that management are confident the site with return to its former strength over time.

In order to do so, management say they have had to 'make some difficult decisions' which include a number of price rises.

From 15 July 2020 new parking charges will be introduced for the Airport’s ‘gate’ car park.

15th

July - when new parking tariffs will be introduced.

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The airport says the task of restoring our route network and returning the business to profitability is likely to be challenging. Credit: PA

The parking tariffs set to increase include:

£3

It will cost £3 to used the Express Car Park for 10 minutes.

From 15 of July, travellers wanting to use the Express Car Park drop off zone, can expect to pay £3 for 10 minutes.

Bosses say the decision has been taken as part of a review of pricing of other airports in the country. Management say the move will help 'respond to challenging business conditions.'

This decision has been taken as part of a review of pricing that enables us to offer competitive self- park rates yet respond to challenging business conditions. As we embark on the long road to recovery, the task of restoring our route network and returning the business to profitability is likely to be challenging. We expect the costs of operating the Airport to exceed income for a period of time. We understand the importance of global connectivity to the region, therefore these price increases need to be introduced so that we can continue to make investments in the Airport, attract high quality airlines and provide the level of customer service our passengers expect.

Newcastle Airport Statement

Bosses say the new rate remains competitive with other regional airports around the UK, including Manchester, Edinburgh and Leeds-Bradford.