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Manchester Airports Group reports growth at all airports

Air
Edward Robertson
5 July 2018

The Manchester Airports Group has reported a 6.7% increase in passenger numbers to 58.9 million for they year ending March 31, 2018.

Manchester Airport Rail Station exterior night

The biggest growth among its three airports was 7.4% at Stansted with 26.1 million passengers while Manchester airport grew by 6.5% to 27.9 milllion with long-haul connections driving much of the increase.

Meanwhile, East Midlands airport saw passenger numbers increase by 3.8% to 4.9 million.

The growth in passenger numbers drove a 10.2% jump in revenue to £818.1 million with adjusted EBITDA up by 5.6% to £358.8 million.

MAG chief executive Charlie Cornish said the group was well placed for the future as increased consumer demand combines with its spare capacity to drive further growth.