Docklands London City Airport sees passenger numbers and profits fall, figures reveal
PUBLISHED: 12:12 20 July 2018 | UPDATED: 12:12 20 July 2018
London City Airport's profits and passenger numbers fell last year.
Profits dipped to £28.5million for the year ending December 2017 down from £32m for the 12 months to December 2016.
Sales went from £114m at the end of 2016 to £112m for the year ending December 2017, according to accounts filed with Companies House.
A London City Airport spokesman said: “Strategic decisions by some of our airline partners in 2017 led to slower annual passenger growth than we have experienced in similar years.
“This year we are returning to strong passenger growth.”
The airport handled 4.5m passengers last year, 14,500 fewer than in 2016.
But the spokesman added that this year the airport was on course to exceed previous records with an estimated 4.7m to 4.8m travellers expected.
The majority of passengers – 56pc – travel on business. In its strategic report director Robert Sinclair warned Brexit had “injected uncertainty” into the economy, but leaving the European Union would mean the UK having to rely on strong connections to the rest of the world.
“London City Airport is very well placed to offer these links as it expands,” he states.
He added the east London hub opened in 1987 has experienced its 10 busiest days this year with 20,115 passengers on July 16 and June touted as its busiest month on record, up eight per cent on last year.
London City anticipates that upwards trend to carry on next year with new carriers such as LOT Polish Airlines adding the Docklands based hub to its routes from January.
It is also investing £480m to extend passenger and runway facilities which it says will allow it to process up to 6.5m passengers and operate 111,000 flights a year.
In the report London City describes itself as a considerate neighbour to the community outlining measures to reduce the impact of noise.
John Stewart – chairman of campaign group HACAN East – said: “It is critical that communities impacted by the airport are central to all London City’s current and future plans.”
Its annual report reveals 68 Newham residents got a job at the hub last year thanks to an employment scheme.