Liverpool Airport post-pandemic recovery helped by delaying repayment of £30…
Liverpool John Lennon Airport has increased turnover and reduced losses in the year to March 31, 2022, its latest accounts at Companies House reveal. Turnover in the year to March 31, 2022, rose to £15.126m, compared with £8.012m the previous year. A pre-tax loss of £4.874m was an improvement on the pre-tax loss of £12.060m a year ago, again, linked to the increase in passenger numbers as part of the ongoing recovery from the Coronavirus pandemic. The company has net assets of £5m, compared with £9.9m the previous year. In the the summer of 2020 the airport group was offered a £34m loan from the combined authority to help it through the pandemic. It said £30m was due to have been repaid on March 31 this year, but that deadline has now been extended for a further year. That is money from taxpayers, and the delay means the council is not getting its loan back soon. The figures reveal LJLA’s biggest source of revenue in the latest financial year was its car parking operation, which generated £5.251m. Aeronautical earned £4.489m, while concessions, or retail, provided £4.028m in turnover. .Tweet Liverpool Airport post-pandemic recovery helped by deferment of £30m loan By Robert Hough May 15 2023 Liverpool John Lennon Airport has increased turnover and reduced losses in the year to March 31, 2022, its latest accounts at Companies House reveal. It said it has faced another challenging year as part of the recovery from the pandemic which severely affected passenger numbers. However, the huge influx of visitors to the city over the past week to attend the massively successful Eurovision Song Contest are expected to have helped to boost passenger numbers for its current financial year. Turnover in the year to March 31, 2022, rose to £15.126m, compared with £8.012m the previous year. A pre-tax loss of £4.874m was an improvement on the pre-tax loss of £12.060m a year ago, again, linked
