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VINCI Airports – Releases of London Gatwick Airport

28. 08. 2020 - 08:30 - Finanzen - Frankreich

London Gatwick Airport, a 50.01% subsidiary of VINCI Airports, today released its half-year results as at 30 June 2020, including the compliance certificate (which sets out the level of the financial covenants associated with the financial structure of Gatwick Funding Limited).

The company states that it has entered into discussions with its lenders, in light of the forecast impact on its financial covenants.

It also announced a restructuring plan to reduce costs in response to the sharp decline in traffic. Passenger numbers in August were more than 80 per cent down compared to the same period a year ago.

The documents released can be found on the company's website:
https://www.gatwickairport.com/business-community/about-gatwick/investor-relations/reports/

About VINCI Airports
VINCI Airports, as the leading private airport operator in the world, manages the development and operation of 45 airports located in Brazil, Cambodia, Chile, Costa Rica, the Dominican Republic, France, Japan, Portugal, Serbia, Sweden, the United Kingdom and the United States. Served by more than 250 airlines, VINCI Airports' network handled 255 million passengers in 2019. Through its expertise as a comprehensive integrator, VINCI Airports develops, finances, builds and operates airports, leveraging its investment capability and know-how to optimise the management and performance of existing airport infrastructure, facility extensions and modernisation projects. In 2019, its annual revenue for managed activities amounted to €4.9 billion, for a consolidated revenue of €2.6 billion.
https://www.vinci-airports.com