5 January 2011
The airport operator of Durham Tees Valley, Robin Hood and Liverpool Airports, the Peel Airports Group, has seen its losses double to £26 million last year. In the year to March 2010 pre-tax losses rose sharply at Peel Airports while turnover fell 18% to £41 million.
The company had a gross profit of £18 million, but administrative expenses grew by 8% to £29.5 million. In June 2010 the airport operator sold a 65% stake in the company to Vancouver Airports Group, which is now focused on turning the loss-making group around.
http://www.uk-airport-news.info/liverpool-airport-news-050111.html