Stobart issues pre-close trading statement

In a pre-close trading statement, Stobart Group, which owns Southend Airport, has reported good progress with passengers numbers up by 22% year on year. However, Chief Executive Warwick Brady recognizes that there is some short-term risk in aviation. “In order to meet our aviation target we need to build a portfolio of airlines that will capitalise on London’s capacity constraints as well the large London catchment. This has taken longer than we originally envisaged. However, I am convinced that the overwhelming demand for additional airport capacity in London means we will ultimately meet this objective.” In the five months to