NATS reports profit in a challenging year

NATS, the UK’s major air navigation service provider, has managed to emerge from FY/2010 with its run of black ink intact. For the year to 31-Mar-2010, the ANSP reported an underlying profit before tax of GBP100.7 million, GBP43.2 million that its result in the previous financial year. Pre-tax profit was GBP78.3 million, again down on last year’s result, this time due by GBP57.2 million. [1314 words]

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This report contains the following subheadings:

• More aggressive cost cutting to come
• NATS Services and NERL
• Delays at historical low
• Slow return for traffic, but concerns remain
• NERL pricing proposals to be decided by 2010

This report contains the following charts and tables:

• NATS revenue breakdown FY2010
• NATS costs, FY2010
• NERL price per CSU (@ 2008 GBP)
• NERL average delay performance
• NATS Air Traffic forecast
• Eurocontrol price control
• Oceanic prices