'For sale' Scottish airline turns profit for first time since pandemic
Loganair's audited accounts set out a profit before tax of £4.98m on a turnover of £161m.
news.stv.tvI don’t have live updates right now, but here’s the latest general context on Loganair from reputable outlets:
- Sale status: In recent coverage, the owners (the Bond family) had taken Loganair off the market and indicated they were not rushing to sell, citing ongoing fleet upgrades and business plans as priorities [news sources compiled in 2023–2024]. This reflected a shift from a sale-attempt to focusing on strategic development.[1]
- Fleet and operations: Loganair has been undertaking a fleet renewal, including replacing older Saab 340s with ATR 72-600s and upgrading onboard systems across its Embraer RJ fleet, as part of a broader modernization program.[2][4]
- Profitability and contracts: The airline reported profitability in the post-pandemic period and expanded contract work, notably with Royal Mail for Highlands and Islands services, which contributed to a more diverse revenue base.[3]
- Public reporting: Local outlets in Scotland have tracked the company’s profitability, fleet changes, and the sale-halt decision, indicating continued commitment to growth while maintaining regional connectivity.[4][3]
If you want, I can monitor current outlets and pull a fresh, timestamped roundup with direct links. I can also curate a brief on how Loganair’s fleet renewal might affect schedules and capacity in the Prague region if that helps.
Would you like me to fetch the latest updates now and provide citations?