'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.tvHere’s the latest publicly reported information about Loganair Limited up to now.
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Sale status: In 2023, Loganair’s owners announced a sale process but then suspended it, indicating they would remain as owners for the foreseeable future to focus on fleet renewal and other corporate priorities. A 2023 update from various outlets echoed that the sale was halted and ownership would stay with the Bond brothers. The same reporting framed the suspension as allowing Loganair to complete its re-fleet programme and address supply-chain issues.[1][3]
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Financial performance: Loganair returned to profitability in its 2021/2022 financial year, reporting a pre-tax profit around £4.98 million on turnover of about £161 million; this marked the first profitable year since the pandemic disrupted operations. Subsequent coverage in FlightGlobal and STV noted ongoing profitability and the impact of disruption and costs on later results.[2][4][6]
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Fleet and operations: The company has been actively renewing its fleet, replacing Saab 340s with ATR aircraft, and carrying out onboard refurbishments across its Embraer 145s as part of broader modernization. Reports through 2022–2024 also highlighted Loganair’s expansion of contracts (e.g., Royal Mail Highlands and Islands services) and its role in public service obligations (PSO) routes, which are supported by government/local authorities.[3][4][1]
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Strategic positioning: Media coverage has consistently described Loganair as Scotland’s largest regional airline with a mix of scheduled services, PSO routes, charter operations, and growing private and public sector contracts. The company has positioned itself as resilient, with a diversified business model that includes freight (recent ATR conversions) and cargo contracts alongside passenger services.[4][2]
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Notable context: UK/EU regulatory and supply-chain factors have repeatedly been cited as influencing Loganair’s operations and profitability, including aircraft delivery delays and post-pandemic recovery headwinds referenced across multiple outlets.[6][1]
Illustration of a key development:
- Fleet renewal: Saab 340 retirements paired with ATR 72-600 deployments, alongside Embraer refurbishments, illustrate Loganair’s modernization path intended to improve efficiency and expand capacity on core routes.[1][3]
If you’d like, I can pull more focused, region-specific updates (e.g., PSO routes in Scotland, Heathrow slot changes, or Royal Mail contract details) or compile a brief timeline of the sale status versus fleet updates over 2021–2024 with sources.
Citations:
- Sale suspended/ownership remains with Bond family.[3][1]
- Profitability and financials (2022 year end).[2][4]
- Fleet renewal and refurbishments.[1][3]
- Additional context on operations and contracts.[4][6]