BAA has posted a forecast-beating 18.8% increase in profits after a record busting 141.7m passengers used its seven airports. Travellers spent more than ever in its shops, the average take rising to ”4.16 per passenger from ”4.12 a year earlier. At the bottom line, pre-tax profits increased by 36% to ”733m including a one-off property-related figure of ”112m. Perhaps the only fly in the ointment was an admission that the second runway at Stansted was further off than planned, even 2112 now being muted.
http://www.baa.com