Ogmore MP Chris Elmore has hosted Cardiff Airport’s annual update for Parliamentarians in Westminster.
Mr Elmore co-sponsored the event alongside Ceredigion MP Ben Lake. The breakfast briefing updated MPs and Peers as to the airport’s progress in the last 12 months.
Speaking after the event, Chris Elmore MP said: “It’s been fantastic to host Cardiff Airport this morning. Last year, the airport had a 9 per cent rise in passenger numbers across over 50 direct routes which is promising to see. This just shows what a good decision it was of the Welsh Government to bring the airport into public ownership in 2013.”
Following a difficult few years for the airport, the management now forecast that they will break even next year and be in profit by 2020. If it hits its profit expectations, the airport’s value is predicted to increase by between 10 and 15 per cent next year.
Debra Barber, Chief Executive of Cardiff Airport, said: "2017's growth has been achieved by announcing new or increased flights to popular destinations including Madrid with Iberia Express and Guernsey with Blue Islands - both new airlines."
Ms Barber said the forecast for a return to profit is based on current routes, existing routes expanding, and the opening of new routes including the Qatar Airways link which launches in May.
"The Qatar Airways service...will connect Wales and the south west of England to key global markets across Australia, Africa and Asia via the hub at Hamad International Airport in Doha, Qatar."
The Welsh Government has sought to further the growth of Cardiff Airport by calling for Air Passenger Duty taxes to be devolved to the administration.