BAA profits up to £155m high

BAA profits up to £155m high

BAA has achieved pre-tax profits of £155m in the first three months of the financial year to June 30 as a result of a big jump in operating profits at Stansted and Gatwick.

The airport owner’s pre-tax results in the same period last year were £141m.

New Ryanair and Go flights helped push Stansted profits up 40% to £7m. Gatwick’s profit was up 11% to £41m.

Out-going chief executive Sir John Egan said the company was on target to reach between 4.5%-5% passenger growth over the year.


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