BAA: Stansted rebound to follow UK economic recovery

Hotel News - 26/07/2012

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The BAA has said that its ailing Stansted airport will rebound once the UK economy recovers.

Officials from the British Airports Authority, which operates Heathrow and several other UK airports in addition to Stansted, said this week that the north London air gateway would continue to struggle as long as the UK economy as a whole remains sluggish.

BAA chief executive Colin Matthews said in an interview on Wednesday that whilst Heathrow is a barometer of economic activity on a global scale that Stansted was a barometer of consumer spending in Britain.

Despite the comments, Matthews said that Stansted was the only airport in the capital with significant room for growth, meaning that once consumers are confident again that the budget airline-oriented airport would grow quicker than any of its competitors.

Traffic at Stansted has seen further decline thus far in 2012 whilst the BAA has enjoyed high customer satisfaction and record passenger statistics at Heathrow airport. Recent figures showed passenger traffic up by 2.2 per cent at Heathrow for the first half of the year despite capacity restraints.

The news comes as the operator awaits word on its appeal against competition authorities’ 2009 orders to sell off Stansted. An announcement is expected to come sometime on Thursday.

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