Scotland’s Loganair confident despite profit dent from disruption and other costs

Scottish regional carrier Loganair is highlighting operational disruption and supply-chain issues after it turned in a lower full-year profit. The carrier says its profit for the 12 months to 31 March 2024 reached GBP6.9m, compared with the GBP11m pre-tax and GBP10.2m net recorded for the previous year. Loganair says the performance continues a “positive financial trend” but admits it illustrates “challenges” experienced by the carrier, which invested heavily in a fleet transition during the period, shifting from Saab 340s to ATRs. The airline, which operates 36 aircraft, transported 1.5m scheduled passengers over 2023-24. Loganair chief Luke Farajallah says the financial year’s results “reflect an environment where many, often industry-wide, obstacles had to be overcome”. But he says that, following the fleet renewal, the carrier’s focus is to improve operational performance and reduce costs, including those relating to flight disruption.<br/>