A successful summer season delivered a positive first-half performance for MAG, leaving it in a strong position to continue its investment in its airports to improve customer service and support sustainable growth.
MAG (Manchester Airports Group), which owns and operates Manchester, London Stansted and East Midlands Airports, today published its interim results for the period 1 April – 30 September 2023, during which it generated record half-year revenues of £705.6m (FY23: £565.2m).
Its airports collectively handled 34.9m passengers during the period, up 4.4m on the prior year. That represented just under 96% of pre-pandemic levels. In July, London Stansted became the first major airport to exceed pre-Covid volumes when compared to the same month in 2019, with Manchester marking that milestone in October, when East Midlands reached the 98% mark.
Manchester Airport welcomed 16.4m passengers between April and September, with 15.8m passing through London Stansted and 2.7m through East Midlands.
Not only did all MAG airports increase passenger volumes between April-September, they delivered consistently good service levels, with the vast majority of passengers passing through security in 15 minutes of less throughout the summer (Manchester – 96%, London Stansted – 98%, East Midlands – 100%). In July, all three received the highest possible rating from the Civil Aviation Authority for the service they provide to passengers with assisted travel needs.