Cardiff Airport 'missing passenger targets'

Cardiff Airport is missing its own passenger and profit targets and lacks a long term plan for growth, according to a new report from a group of AMs.

The Public Accounts Committee found that, while the Welsh Government had a clear rationale for buying the airport given its decline under previous owners Abertis, there were weaknesses in the preparation of the Welsh Government’s business case for buying the airport.

Passenger numbers have risen under Welsh Government ownership, but the committee says the rise isn’t as high as first predicted, and that by the airport management’s own admission, numbers are currently a year behind target.

Cardiff Airport’s business plans are currently approved on a two-year basis. But the committee says Glasgow Prestwick, which is also in public hands, operates with much longer term plans.

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