Gatwick Airport coming of age at last?

It is two years since the US-owned Global Infrastructure Partners (GIP) acquired London Gatwick Airport: an enforced sale where GIP beat off a MAG consortium. Almost immediately it began selling off equity to a succession of pension and sovereign wealth funds, raising questions about both its commitment and its ability to drag Gatwick out from the shadows of London Heathrow Airport. Financial results for the six months ended 30-Sep-2011 (1H2011) suggest something is being done well as revenue increased by 15%, passengers by 8.5% and EBITDA by more than a third. [2258 words]

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This report contains the following subheadings:

• GBP20 million per month Capex
• Business airport of choice, sans crèche
• Needs to change perceptions
• easyJet’s largest base at Gatwick
• Second runway under review
• Gatwick argues exemption from new licensing system on basis it wields insignificant market power

This report contains the following charts and tables:

• London Gatwick Airport financial/traffic highlights: 1H2011
• London Gatwick Airport weekly seat capacity by carrier: 28-Nov-2011 to 04-Dec-2011
• London Gatwick Airport international seat capacity by region: 28-Nov-2011 to 04-Dec-2011
• London Gatwick Airport international seat capacity share by carrier type: 28-Nov-2011 to 04-Dec-2011
• London Gatwick Airport international seat capacity share by alliance: 28-Nov-2011 to 04-Dec-2011