Manchester Airports Group (MAG) plans to invest £2 billion in its airports over the next five years off the back of a strong year for the group, which saw passenger numbers rebound to exceed pre-pandemic levels and both profits and revenue soar.
Group passenger numbers rebounded to exceed pre-pandemic levels (Credit: iStock)
MAG said the investment would help drive growth in the regions it serves by creating jobs and stimulating more international trade links through its airports.
The group, which owns and operates Stansted, Manchester and East Midlands airports, on Tuesday (2 July) posted a group operating profit of £240.1 million in the year to 31 March 2024, an almost tenfold increase from £28.6 million in the previous year.
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