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Baa Suffers 7.3% Fall In May Traffic

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BAA suffers 7.3% fall in May traffic

The number of passengers using Britain's main airports fell by 7.3 per cent in May compared to the same month last year, as the recession and the weakness of sterling continued to hit overseas travel.

BAA, which operates seven UK airports, said the fall in the number of passengers it handled to 11.8 million was in line with the trends it had seen since December, and that while demand remained weak, patterns had not changed materially.

Heathrow reported a smaller drop of 3.9 per cent, which BAA said demonstrated "the resilience and importance of Britain's international hub airport".

It said that Gatwick had seen an improvement in recent trends, falling by 6.5 per cent, as a stronger summer schedule and the Open Skies agreement between the EU and US impacted positively.

The worst performing airport was Stansted, where traffic fell by 18.5 per cent as some airlines continued to cut capacity in response to tough economic conditions.

Glasgow and Aberdeen recorded falls of 11.7 per cent and 14.1 per cent respectively, although BAA's other Scottish airport, Edinburgh, was for the second month in a row the only one of its sites to record an increase. Traffic through Edinburgh rose by 1.4 per cent helped by new low-cost services.

Scheduled traffic to Europe was down by 5.2 per cent, as the strength of the euro continue to weigh heavily, while passengers crossing the Atlantic fell by 9.1 per cent.

Domestic traffic was down by 10 per cent, a slight deterioration on recent trends, while European charter traffic was down by 20.5 per cent, again a slight improvement on recent performance.

The Competition Commission has ruled that BAA should sell Gatwick and Stansted airports as well as either Edinburgh or Glasgow.

BAA, owned by Spain's Grupo Ferrovial, is in the process of selling Gatwick to cut its debt mountain but is appealing against a wider break-up.

Three sunnies a year was just not sustainable. We did have a good time while it lasted though.

So, thats Thomas Cook gone, along with all the others...

Caravans will be a good break for most families, but with the recent tax fiddle, the letters will no longer be able to reclaim the taxes. No doubht this will see its own mini bubble/bust scenario in the next couple of years.

No doubt in ten years we will be snapping up the empty costa flats for a song, that is of course if flights are still affordable. Ahh, broken dreams, propagnada, ignorance, and greed.

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