Gatwick reports loss and warns of danger to UK aviation

London’s Gatwick Airport has announced a £244.6m loss for the six-month period ended 30 June, 2021and negative EBITDA at -£50.2m. A strategic and sustained reduction in capital expenditure resulted in the deferral or cancellation of over £570m from investment originally planned in 2020, 2021 and 2022. The airport reduced operating costs by 34.4% in the first half of the year through renegotiated contracts, temporary infrastructure shutdowns, halting discretionary expenditure and the continued consolidation of operations into one passenger terminal. Staff costs are £31.3m lower (46.4%) in the first half of the year due to the restructuring that was completed in