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Southend profits lift off for Stobart

Southend profits lift off for Stobart

More Londoners have realised there’s another airport east of the city, much to the benefit of Stobart Group (STOB). Passenger numbers at London Southend Airport increased by a quarter year on year to 610,492, which helped boost aviation revenue from £12m to £97.5m, and management are aiming to have 5m passengers pass through the airport by 2022. This would likely require another terminal to be built at a cost of around £50m. Flybe and easyJet (EZJ) have committed more planes to fly through Southend, and the group is in discussions with other carriers, too. 

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