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Loganair’s sales and profits take off

Loganair chief operating officer Phil Preston, chairman David Harrison, and chief executive Stewart Adams. Picture: Chris James

Loganair chief operating officer Phil Preston, chairman David Harrison, and chief executive Stewart Adams. Picture: Chris James

  • by SCOTT REID
 

Loganair, the Scottish airline, has made a solid start to its current financial year after overcoming turbulent market conditions to book double-digit hikes in sales and profits.

The privately-owned carrier, which can trace its roots back to the early 1960s, also carried a record number of passengers in the year to 31 March, figures released today reveal.

Executive chairman David Harrison pointed to a “healthy” level of charter work, with further opportunities coming from the offshore sector following the recent temporary grounding of part of the North Sea helicopter fleet.

He said: “The new financial year has started well, with passenger numbers in our core scheduled services in the Highlands and Islands and beyond showing some growth.”

The results show the airline carried just under 592,000 passengers during the year, a rise of 12 per cent. Turnover increased by 20 per cent to £87 million, with a pre-tax profit of £4.4m, up by 24 per cent.

 

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