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MAG records £1bn revenue as traffic nears pre-pandemic levels

Air
Will Payne
5 July 2023

Manchester Airports Group (MAG) has recorded £1 billion in revenue for the first time in its history as passenger traffic levels edge closer to pre-pandemic levels.

Charlie Cornish, outgoing MAG chief executive

In the period between 1 April 2022 and 31 March 2023, the airport group, which owns and operates Manchester, Stansted and East Midlands airports, served 54 million passengers, which is equivalent to 91% of levels in 2019-2020.
 
The group recorded an adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £412m, up from £126m last financial year.