{"id":31961,"date":"2026-07-13T09:10:10","date_gmt":"2026-07-13T09:10:10","guid":{"rendered":"https:\/\/microvibenews.com\/?p=31961"},"modified":"2026-07-13T09:10:10","modified_gmt":"2026-07-13T09:10:10","slug":"new-business-model-sees-prestwick-profits-fly-higher-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=31961","title":{"rendered":"New business model sees Prestwick profits fly higher \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Prestwick-Airport-website.png\" alt=\"Prestwick Airport (website)\" class=\"wp-image-187544 lazyload\" style=\"width:840px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"523\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Prestwick-Airport-website.png\" alt=\"Prestwick Airport (website)\" class=\"wp-image-187544 lazyload\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Prestwick-Airport-website.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Prestwick-Airport-website-300x198.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Prestwick-Airport-website-768x506.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Prestwick-Airport-website-600x395.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Prestwick Airport: seventh year of profits growth<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Prestwick Airport has posted a seventh consecutive year of operating profit during a year which saw a \u201ctransformational shift\u201d in its business model. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The facility said rising cargo and passenger traffic boosted operating profit by 11% to \u00a33.9 million for the year ended 31 March 2026.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">There has been increased frequency of Air China Cargo scheduled services, and the launch of a dedicated seafood export service following investment in a cool chain centre and specialist handling team.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">While cargo growth has proved a gamechanger for the airport, passenger operations also delivered another strong performance, with total passenger numbers increasing by 11% to more than 600,000.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Ryanair has increased frequencies on several summer routes and announced a new route for the 2026 winter season.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Newly-appointed chief executive Jules Matteoni said:\u00a0\u201cCargo has been the primary driver of growth during the year. Freight volumes quadrupled in 12 months to more than 46,000 tonnes in the year to March 2026, reflecting the successful execution of our strategy to position the Airport as a leading UK cargo gateway.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe development of long-haul scheduled cargo connectivity, particularly with Asian markets, has driven both import and export growth, supported by investment in cold storage facilities, enhanced handling capabilities and bonded warehouse infrastructure.\u201d<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Prestwick-cargo-handling-website.png\" alt=\"Prestwick cargo handling (website)\" class=\"wp-image-175883 lazyload\"\/><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"572\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Prestwick-cargo-handling-website.png\" alt=\"Prestwick cargo handling (website)\" class=\"wp-image-175883 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Prestwick-cargo-handling-website.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Prestwick-cargo-handling-website-300x216.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Prestwick-cargo-handling-website-768x553.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/02\/Prestwick-cargo-handling-website-600x432.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Prestwick has developed strong cargo links with Asia<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">A new seafood export service launched in January and has already demonstrated strong demand, with more than 1.5 million kilograms of seafood exported to China during its first six months of operation.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">This has provided producers with faster access to key Asian markets and further strengthened the airport\u2019s position as a specialist gateway for high-value perishable goods.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Mr Matteoni added:\u00a0\u201cThe progress this year represents a transformational shift in the airport\u2019s business model and provides a strong foundation for future growth.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe positive momentum of recent years has continued, and we expect further growth in the year ahead.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe Airport remains a major economic driver for the region, and cargo growth alone has created over 200 jobs in the past year, meaning the airport now directly employs more than 500 people, delivering significant benefits for the local economy.\u201d<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Prestwick also continues to play a vital strategic role in supporting UK military and defence operations. It has built a strong international reputation for handling military aircraft from NATO-aligned countries including the RAF, the US Air Force and the Royal Canadian Air Force. It remains an important strategic partner for the Ministry of Defence and its future operational requirements.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Mr Matteoni said: \u201cGlasgow Prestwick Airport is a strategic national asset, and this is further evidenced by the Ministry of Defence\u2019s decision to relocate its Voyager fleet here for five months this year while essential resurfacing and improvement works on the airfield operating surface at RAF Brize Norton are carried out.\u201d<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The airport sees continued growth in cargo volumes, expanding connectivity to key international markets, increasing passenger numbers and ongoing investment in specialist infrastructure and the board expects another year of sustainable growth. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Airport chair Willie Mackie said:\u00a0\u201cThis is the seventh year in a row the Airport has returned a profit, a significant milestone that demonstrates the strength of our strategy and the sustained momentum we have built over recent years.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe airport has now firmly established itself as a major UK trade hub and a premier gateway for Scottish exports, playing a critical role in connecting global markets with some of Scotland\u2019s most important industries, including salmon and whisky.\u201d<\/p>\n<p class=\"wp-block-paragraph\"><strong>Bulletin:<\/strong>\u00a0<em>Sign up for our breakfast email of the day\u2019s breaking news<\/em><\/p>\n<p><!-- Simple Share Buttons Adder (8.5.6) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#business #model #sees #Prestwick #profits #fly #higher #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prestwick Airport: seventh yea&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,265,5341,657,18250,3501,1923,13410,6379,564],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31961"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31961"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/4169"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}