Annual profits at London City Airport slid more than 10pc as the number of flights from the business-friendly hub dipped.
Accounts filed with Companies House revealed a fall in turnover from £113.7m to £112.0m in the year to December 2017. Net profit before tax fell to £35.7m and, following a £2m increased tax charge, profit for the year slipped from £32.0m to £28.5m.
After experiencing several successive years of solid passenger growth, the number of people using in the airport fell 0.3pc to 4.5 million. And the number of aircraft movements were 5.8pc lower at 75,781.
“Strategic decisions by some of our airline partners in 2017 led to slower annual passenger growth than we have experienced in similar years,” a spokesman for London City Airport said.
Some 56pc of those using London City are business travellers and it claims to be the most punctual airport in the UK – it achieved an 81pc on-time performance rate in 2017.
It is the 14th busiest UK airport and the fifth most popular in London after Heathrow, Gatwick, Stansted and Luton.