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Manchester airport reports growth despite Cook collapse

Air
10 December 2019

Manchester airport is reporting increased passenger numbers and revenue growth despite the collapse of Thomas Cook. 

Manchester airport is undergoing a phased reopening

In its Interim Financial Report, which covers the six months until 30 September 2019 and compares the figures to the six months before 30 September 2018, it has been revealed the Manchester airport group saw 7.3% of revenue growth to £540.6m.

Manchester Airport Group Investments Limited (MAGIL), which includes Stansted and East Midlands airports, also reported its operating profits before significant items increased by 18.5% to £199.6m. 

Passengers at Manchester specifically totalled 17.4m in the period, up 4.8%, and MAGIL put this down to backfilling of Monarch slots after the airline failed in 2017.