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BAA unveils slump in airport passenger numbers

Passenger numbers through BAA’s seven UK airports slumped last month, as the after effects of 11 September were felt.

The group said its airports handled 9.8m passengers in October – down 12% on the same month last year.

Heathrow and Gatwick were heavily affected, with passenger numbers down 20.1% and 12.7% respectively, with North Atlantic traffic through the airports slumping more than 30%.

However, Stansted continued to grow, up 4.9%, while Edinburgh was up 13.4% and Glasgow up 6.6%. Aberdeen was down 2.1%, while Southampton was 5.8% lower.

BAA said the North Atlantic and other long haul markets continued to be worst affected by the terrorist attacks of 11 September, with the North Atlantic market down 31.3% in October and other long haul traffic down 16.4%.

BAA said pretax profits for the six months to 30 September – which were impacted by both the foot-and-mouth outbreak and the terrorist attacks – increased by 2.1% to £333m, stripping out joint ventures and one-off costs.

In the current financial year, it expects security costs and other charges such as insurance – as a result of the 11 September events – to add up to around £10m.

EGi News 12/11/01

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