Loganair is upsizing after the Scots carrier boosted its annual profits despite a seven-figure investment related to new aircraft.
The airline is looking to lease more 50-seater Saab 2000 planes – the biggest in its fleet – after the recent introduction of three of the models. The larger aircraft are being used both to add seat capacity on selected routes, including Aberdeen to Shetland, and to boost its expanding non-scheduled business.
Accounts released today show that Glasgow-based Loganair made a pre-tax profit of just under £6.1 million in the year ended 31 March, up by 39 per cent from the previous 12 months. Turnover nudged up from £86.9m to £87.5m.
The hike in earnings came despite the accounts including start-up and training costs of almost £1.1m relating to the launch of the bigger Saab aircraft. Passenger numbers on continuing services were up 4.9 per cent to 576,750.
Executive chairman David Harrison said he was “very pleased” with current year trading.
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