Revenue and passenger growth for South Africa
Article Abstract:
Airport Company South Africa (ACSA) has seen revenues increase 162% to $53 million in fiscal year 1999 from fiscal year 1995. Annual departing passenger throughput, meanwhile, rose 48% to 9.5 million from 6.4 million. The company operates nine airports, six of which are profitable and only three are posting a pre-tax loss. The company has no long-term debt, making it likely for the company to tap international capital markets using its balance sheet as security.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 1999
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UK expands private market
Article Abstract:
UK's Birmingham International Airport has seen strong earnings since it was privatized in Mar 1997. Manchester Airport, meanwhile, remains publicly-owned and even then has seen its net worth increase to GBP46 million ($73.6 million) in 1998. Traffic rose significantly for both airports in 1998: Birmingham posted an 11.5% in passenger traffic, while passenger traffic grew 8% at Manchester.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 1999
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