LONDON – This week has seen UK regional carrier Loganair enhance its connections between the Isle of Man and London ahead of the Summer 2023 season.
Loganair’s summer schedule begins in March 2023, with there being a daily flight from Ronaldsway to London Heathrow.
On top of this, there will be twice-daily flights to London City Monday-Wednesday, and an early evening service on Thursday, Friday, and Sunday.
Executive Comments…
Commenting on these upgrades was Luke Lovegrove, Loganair’s Chief Commercial Officer:
“We’re proud to confirm our full summer 2023 schedule between the Isle of Man and London.”
“It offers a superb choice for our Isle of Man customers, enabling access to short breaks or longer stays, including internationally, for both business and leisure purposes.”
“We expect our services to be extremely popular, and we’d encourage customers to book as early as possible.”
Also commenting on this news was Gary Cobb, the Airport Director at the Isle of Man Airport:
“Loganair’s release of seats to London for the summer next year is great news for people wishing to secure their trips ahead of time.”
“Access to the world via Heathrow is important not only for our community but for all those employed in the aviation sector here in the Isle of Man.”
Steady Expansion in the Face of Steady Profit…
It remains clear that the airport has been making gains, both operationally and financially, over the last couple of months.
Back in October, the airline announced that it has returned to profitability as its recovery from the COVID-19 pandemic continues onwards.
For the financial year to March 31, 2022, the carrier reported a profit before tax of £4.98 million, based on a reported turnover of £161 million.
This is a significant improvement from the last two years of losses due to the pandemic.
In the same financial year, Loganair became the UK’s third busiest airline behind British Airways and easyJet when measured by the number of flights operated.
More than 910,000 passengers have been handled, with the airline experiencing the busiest Summer season it has had up to now.
Loganair has also been expanding on the cargo front too, with the carrier securing a new long-term, five-year contract with Royal Mail back in February 2022.
The carrier has added four ATR72-500 Freighter aircraft to replace the Saab 340 Freighters as part of a wider fleet renewal program.
The strong results do make Loganair a more attractive business to purchase. Earlier in that October, it was announced the carrier is to be sold by the Bond Brothers.
Overall…
It remains clear that Loganair is on a currently strong path to success and is looking very attractive to prospective buyers at this current time.
Looking ahead, it’s going to be interesting to see who the new buyers will be and what sort of positive change that they can bring to the airline.
For now, all eyes are on the carrier to see what other amendments or expansion plans that they may have in store for the Summer 2023 season and beyond.
