Airports operator BAA reported a GBP41 million (US$81.1 million) loss in the quarter ended March 31, driven by increased security and facility maintenance costs. BAA’s operating costs rose 21.6% year over year to GBP416 million (US$823.9 million). Among the expenses were hiring 2,200 new security officers to help tighten security and cut line wait times; maintenance to improve airport facilities; higher depreciation and amortization charges; higher costs for airline relocations; and ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "1st Quarter Security, Maintenance Costs Put BAA Into The Red".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.