London Gatwick earnings up 4.8% in first half

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London Gatwick airport posted EBITDA (earnings before interest, taxes, depreciation and amortisation) of £172 million ($275 million) for the first half of the current fiscal year to 31 March 2013, representing year-on-year growth of 4.8%.

Turnover for the six months through 30 September 2012 increased 3.6% to £326 million, as passenger numbers increased 1.2% to 19.9 million.

Airport chief executive Stewart Wingate says that in the three years since former owner BAA sold Gatwick to Global Infrastructure Partners, the airport has expanded both its short-haul European operations and its long-haul Asian presence.

"This proves passengers are best served by allowing airports to compete," he adds. "It is why we recently announced our plans to explore second runway options, as we believe growth at Gatwick is the best option for increasing connectivity for the next generation."