Airport aims to keep investments coming after £11m improvements at terminal

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LEEDS Bradford International Airport is talking to new airlines about potential opportunities, after spending £11m on upgrading the terminal, its commercial director confirmed yesterday.

Tony Hallwood made the comments after accounts filed at Companies House revealed that the airport made a pre-tax loss in its last financial year, after recording a number of one-off costs.

Mr Hallwood said: “We will continue to deliver improvements that will benefit our passengers.”

In the audited financial statement for the year ended March 31 2013, the directors of Leeds Bradford International Airport reported EBITDA (earnings before interest, tax, depreciation and amortisation) of £3.68m, compared with £3.88m the year before.

The directors reported a loss before tax of £8.61m, compared with £8.08m the year before, which included net exceptional costs of £400,000 that relate to restructuring.

In their report, the directors stated that the year ended March 31 2013 had seen a number of key developments at the airport, including infrastructure enhancements, airline partner acquisitions and route developments.

The company also completed an £11m terminal development project during the course of the year to improve facilities for passengers.

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