MAG
02 July 2024
Manchester Airports Group (MAG) today reported a positive set of annual results, as it continues with transformational investment programmes across its airports.
MAG, which owns and operates Manchester, London Stansted and East Midlands Airports, served 61.3m passengers in the year to 31 March 2024, exceeding passenger levels recorded in 2019-20 for the first time.
In the period 1 April 2023 – 31 March 2024, the Group posted revenues of £1.2bn and an Adjusted EBITDA of £507m, up 23% year-on-year. Operating profit stood at £240.1m after accounting for one-offs, up from £28.6m in 2022-23.
[Read on: Record year with MAG ready for exciting period of investment and growth (magairports.com)]
