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 ...
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