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| Version 0 | Version 1 |
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| Losses increase at Glasgow Prestwick Airport | Losses increase at Glasgow Prestwick Airport |
| (35 minutes later) | |
| Glasgow Prestwick Airport recorded a loss of more than £9m last year, according to its annual accounts. | Glasgow Prestwick Airport recorded a loss of more than £9m last year, according to its annual accounts. |
| The Scottish government-owned airport made a pre-tax loss of £9.2m for 2015-2016 - an increase on the £8.9m loss the previous year. | The Scottish government-owned airport made a pre-tax loss of £9.2m for 2015-2016 - an increase on the £8.9m loss the previous year. |
| The airport said the losses reported were less than the figure forecast in its budget. | |
| Ministers bought the airport for just £1 from owners Infratil in late 2013 amid fears it could close. | Ministers bought the airport for just £1 from owners Infratil in late 2013 amid fears it could close. |
| The government estimated in December that the bailout could reach £40m by 2018. | The government estimated in December that the bailout could reach £40m by 2018. |
| The annual report from TS Prestwick Holdco Limited - the company set up up to acquire the airport on behalf of Scottish ministers - shows the airport flew 17 routes to five different countries in 2015-2016. | |
| Other figures in the report for that financial year show the airport handled: | |
| Ryanair is currently the only scheduled airline flying to and from Prestwick. | |
| The airport also handles some charter flights - including recent flights to and from the Open golf. | |
| A spokesperson for Glasgow Prestwick said the airport had a new executive team in place who were working to rebuild the business. | |
| The statement added: "The repositioning of the business will take time. We believe we are starting to move in the right direction with passenger numbers increasing, new property leases being agreed and the securing of a US government fuel contract in financial year ending 31 March 2017. | |
| "We had forecast increased losses in financial year ending 31 March 2016. This was primarily due to the movement of a number of Ryanair flights to other airports. | |
| "However, the losses reported are less than what was forecast in our budgets." |