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London City Airport has seen a 15% fall in passengers so far this year, as its business traveller customers tighten their belts. The airport has suffered as City institutions cut back on business trips, and the slump contrasts with a bumper year in 2008, when the company paid its shareholders a dividend of £93m and passenger numbers rose 12%.
A spokeswoman for the airport said the rate of decline in passengers had slowed after a steep slide in the first half of this year, with the total number of passengers expected to be 2.8m compared with 3.3m last year. She added: ‘Like all UK airports, we are looking at a slowdown but we have still had a good year. We are starting to see passengers travelling again.’
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