Flight prices to jump as regional airports hit by rocketing tax bills Aviation Air passengers are being warned to brace for ticket hikes as regional airports across the UK face “unprecedented” rises in property tax next year. Regional airports are among the sectors facing the steepest increases in business rates in the UK amid an overhaul of property valuations underpinning the tax. While London’s Heathrow and Gatwick are [...]
Profit takes off at Bournemouth, Exeter and Norwich airports owner Transport and infrastructure Profit at the group behind a number of regional airports surged during its latest financial year thanks to a sharp rise in the number of passengers and amount of cargo it handles. Regional & City Airports Group has posted a pre-tax profit of £14.2m for the year to 31 March, 2024, up from £1.3m. Newly-filed [...]