Tarn Spotter
Well-Known Member
- Nov 5, 2012
- 937
- 113
Aviador: Not trying to defend Bridgepoint, but having paid over the top for the airport, they saw passenger numbers fall for three years in a row. Before opening my own comapny I rose to Financial director a of a public company and know the pressure the city puts on if revenue falls, just about makes it impossible to inject further capital expenditure.
As Gordon Brown always used to say in his first half dozen budgets, you need to be "Prudent" we used to bet on how many times he would say it. Bridgepoint for me are enacting a very prudent course of action, invest when the need arises, its pointless to put down apron space etc unless needed. To me investment has been sound and well spent. I dont have all the accounts to hand but do remember an investment of £11m in the terminal in 2012, and I seem to remember Bridgepoint announcing they had invested an additional 20% to the purchase price, making around £29m.
I have seen hundreds of companies go to the wall as they spend, before the revenue stream had been obtained.
We have on the 23rd June yet another unknown coming along. Until her article in the Sunday Times last week I had a lot of respect for Carolyn McCall at Easyjet. Dont know where she jets her prices for European flights years ago, in the 70's and 80's I was flying to spain with the likes of Dan Air and British island airways, for £70 on TOD, just using one leg and throwing the other leg of the tickets away.
I hope we leave and abandone the E U compensation flight delay scheme which is adding i am told at least 15% to every ticket price.
As Gordon Brown always used to say in his first half dozen budgets, you need to be "Prudent" we used to bet on how many times he would say it. Bridgepoint for me are enacting a very prudent course of action, invest when the need arises, its pointless to put down apron space etc unless needed. To me investment has been sound and well spent. I dont have all the accounts to hand but do remember an investment of £11m in the terminal in 2012, and I seem to remember Bridgepoint announcing they had invested an additional 20% to the purchase price, making around £29m.
I have seen hundreds of companies go to the wall as they spend, before the revenue stream had been obtained.
We have on the 23rd June yet another unknown coming along. Until her article in the Sunday Times last week I had a lot of respect for Carolyn McCall at Easyjet. Dont know where she jets her prices for European flights years ago, in the 70's and 80's I was flying to spain with the likes of Dan Air and British island airways, for £70 on TOD, just using one leg and throwing the other leg of the tickets away.
I hope we leave and abandone the E U compensation flight delay scheme which is adding i am told at least 15% to every ticket price.