Birmingham Airport losing millions, says bosspublished at 14:23 British Summer Time 23 June 2021
Since the start of the pandemic, nearly half of the 9,000 staff employed by Birmingham Airport have lost their jobs.
And the airport is running at just 5% of pre-Covid flight levels.
This means the airport's losing an "eye-watering" amount of money, says its chief executive officer Nick Barton.
In 2020, turnover dipped from £160.7m to £159.5m and the airport received an £18.5m emergency loan in February from Birmingham City Council to help avoid the threat of insolvency.
It has also used the government's furlough scheme and the Airport and Ground Operations Support Scheme which helps cover fixed costs, such as business rates - but that's not enough, says Barton.
The airport is still losing "millions" of pounds as the costs of running the airport when nearly closed "are very close to the costs you incur when you are running it when it is quite full", he explains.
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