Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Profits nearly double at Aberdeen Airport

Aberdeen International Airport
Aberdeen International Airport

Growing passenger numbers boosted profits at Aberdeen International Airport (AIA) during last year, the north-east gateway’s latest annual accounts show.

The terminal achieved a near doubling of pre-tax profits to £23.7 million, from £12.8m the year before, as traveller numbers rose by 1.8% to 3.14m.

Turnover for the 12 months to December 31 2017 grew slightly to £56.2m, from £55.9m previously as the airport started to recover from a severe downturn in the north-east economy.

The stronger results were driven by eight consecutive months of year-on-year growth from spring onwards as the airport finally shook off the impact of a slump in oil prices.

That growth continued through the first five months of 2018 but numbers started falling again in June, after the loss of some key routes.

Lufthansa’s decision to axe its Aberdeen-Frankfurt flights was a particularly hefty blow as it took away a valuable link to one of Europe’s biggest airports.

It was also the only service between the north-east and Germany, which is a key market for inbound tourism.

AIA suffered a further blow last month, when it was ranked the worst airport in Scotland for a fourth consecutive year after a survey by consumer group Which?

Its accounts show the number of people flying to and from AIA on domestic routes grew by 1.3% last year, while international services saw 3.2% growth.

Bosses expect passenger traffic in 2018 to be “broadly in line with 2017 levels”.

They added: “Continued growth of ‘sun’ routes and a gradual increase in the oil and gas-related market is expected to offset capacity reductions elsewhere.”

AIA, owned by AGS Airports, is without a managing director following the recent departure of Carol Benzie.

AGS Airports chief executive Derek Provan said: “It’s encouraging to see confidence return to the region and our improved passenger numbers during the last 12 months are a reflection of this.

“We’ve seen some solid growth in our domestic passenger numbers and are looking to build on our leisure routes going forward.”

In June, AIA’s bosses celebrated the end of the second phase of a three-year transformation as part of a £20m investment.

Work on a third phase will deliver new and bigger catering areas.

AGS Airports – a partnership between Spanish group Ferrovial and Macquarie Infrastructure and Real Assets, part of Australia’s Macquarie Group – saw pre-tax profits surge to £73m last year, from £26m in 2016. Turnover grew by £12m to £209m.

The group said total passenger numbers rose by 5% to 15.1m.

Already a subscriber? Sign in