Loganair returns to profit as Bond brothers look to sell | Scotland

The airline serving Scotland’s islands and remote airports has returned to profit as its owners continue to look to sell the business.

Loganair said the easing of coronavirus restrictions had helped its financial performance, with passenger numbers rising 288 per cent to almost 980,000.

That helped it book a near £5 million pre-tax profit on turnover of £161 million for the 12 months to March 2022.

That compared with a £5.6 million loss and turnover of £81 million in the previous financial year.

The company, founded in 1962 and with its headquarters in Paisley, is the UK’s largest regional airline with a fleet of 42 aircraft operating routes around the UK as well as to Ireland, Denmark and Norway.

It employs more than 800 staff