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By: 13th October 2005 at 14:47 Permalink - Edited 1st January 1970 at 01:00
-Many airports are public property. Either state or local. But those airports that are privately owned can go bankrupt and close. For instance, Manston was closed for a few weeks because it's owner had been declared bankrupt.
By: 13th October 2005 at 15:48 Permalink - Edited 1st January 1970 at 01:00
-Airports make a lot of profit (at least in Canada) and increasingly becoming private around the world. YYZ has some of the highest landing fees anywhere.
Also, many airport are placing a lot of emphasis on retail, especially those with long distance travellers. They're at the airport early or often transiting.
By: 13th October 2005 at 16:07 Permalink - Edited 1st January 1970 at 01:00
-For every passenger going thru a BAA airport (Heathrow,Gatwick,Stansted,Southampton,Edinburgh,glasgow and Aberdeen) the authority makes £5 profit per passenger.
By: 13th October 2005 at 16:21 Permalink - Edited 1st January 1970 at 01:00
-Many airports are public property. Either state or local. But those airports that are privately owned can go bankrupt and close. For instance, Manston was closed for a few weeks because it's owner had been declared bankrupt.
It sure did it was closed for a month .Off topic but today an aid flight of Oxfam leaves manston at 5pm.It is an Dc-8 MK Airlines on it's way to Islamabad
read the full report here http://www.reliefweb.int/rw/RWB.NSF/db900SID/EVOD-6H5EE5?OpenDocument
Posts: 1,101
By: chornedsnorkack - 13th October 2005 at 14:31
There are complaints that airlines do not make profits. Some go bankrupt, like Delta, Northwest, Transmeridian...
Do airports make profits?
If not, is it likely to happen that an airport goes bankrupt and is shut down?