Loganair reports full year profit

Glasgow Airport-based regional carrier Loganair has reported a 39% increase in pre-tax profit of £6.06 million for the for the 2014 financial year to March 31. Turnover rose less that 1% however during the period to £87.5 million. The carrier said soaring North Sea oil and gas sector demand help drive profits, along with the withdrawal of “several poorly performing routes”, including flights to the Isle of Man from Glasgow and Edinburgh. Passenger numbers rose 4.9% though total passengers carried – 576,750 – was down 2.6%. Load factor was the best ever recorded for the airline at 65.8%, up from