An airport owned by the Scottish government has reported a financial turnaround after making a £1 million loss.
Glasgow Prestwick airport declared an underlying operating profit of £3 million, subject to audit, for the 12 months to March 31 this year.
Revenue for the period, before the worst of the coronavirus pandemic, increased by 46 per cent year on year to £36 million, up from £24.6 million.
The Scottish government has been trying to sell the business after taking it into public hands for £1 in 2013. A preferred bidder was appointed last year.
Stewart Adams, the airport’s chief executive, said that developing new revenue opportunities and cutting costs had helped to improve its standing. However, he said that the pandemic was posing new challenges.
