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Budapest Airport contributes ₤7 mln to BAA profits in Q1

Budapest Airport Rt contributed ₤7 million to the EBITDA of UK airport operator BAA Plc in January-March, BAA's report for its business year ended March 31, published on Tuesday, reveals.

BAA bought Budapest Airport in December 2005. In the report, BAA CEO Mike Clasper called Budapest Airport “a fast-growing, commercially underdeveloped airport that is a perfect fit for our management skills.”
”In our short tenure of Budapest we have already made significant progress towards running the airport to the BAA model and integrating it within BAA's portfolio of airports,” he said. Clasper noted that BAA decided to buy Budapest Airport because it lacked a big presence on a foreign market. BAA aims to use its capacity for productivity and profit-growing to make Budapest Airport into a BAA unit which is just as valuable as Gatwick, he said.