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BAA reduces losses
BAA has reduced its losses for the first half thanks to a rise in passenger numbers.
The airports operator reported a pre-tax loss of £249 million in the six months to June 30, compared with £279.7 million last year.
Passenger numbers grew 7.1% to 41.4 million, with 9.1% growth at London Heathrow.
BAA said growth at Heathrow was at record levels but admitted the rise was flattered by last year’s ash cloud and industrial action which had hit traffic.
Announcing its results, BAA also confirmed it would be seeking a judicial review against a directive by the Competition Commission that it must sell Stansted by October, followed by either Glasgow or Edinburgh.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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