The airport reported a pre-tax loss of £4.3m in the 15 months to 31 March 2014 (£3.44m on an annualised basis), widened from the £3.1m pre-tax loss it made in the 12 months to 31 December 2012.

Earnings before interest, tax, depreciation and amortisation (EBIDTA) fell by £1.96m, said to reflect the impact of including three winter months in the new reporting period, which was changed to fall in line with the Welsh Government’s own financial year.

Turnover of £17.5m was recorded for the 15 months to 31 March 2014 (£13.9m on an annualised basis) when compared with sales of £14.9m for the 12 months to 31 December 2012.

Passenger numbers, described as the airport’s “life blood”, rose by 6 per cent to 1.22 million for the 15 month period to 31 March 2014, measured against the equivalent 15 month period to 31 March 2013.

The airport said it had some small but important successes with operators and was working with Visit Wales to increase the number of inbound visitors.

It added there were signs that the positive movement in passenger numbers would continue, with growth expected in low cost and charter activity during 2014/15.

Investments made since the Welsh Government takeover include creating a larger departures security area with new equipment which has improved efficiency.equipment which has improved efficiency.

Sourced by Insider Media