Manchester Airports Group has posted a 12% increase in full-year profits, boosted by a rise in passengers and higher commercial revenue.
Operating profit of £73.6 million for the year to the end of March came on revenue 5.3% higher at £393.1 million, excluding the impact of Stansted, which was acquired in February.
Commercial income, including retail, car parking and property earnings, rose 5.8% to £215.4 million.
Excluding Stansted, passenger numbers grew by 1.9% to 24.5 million during the year, helped by the addition of new services, including easyJet’s Manchester-Moscow route.
The company, which also owns East Midlands and Bournemouth airports, expects passenger numbers to top 42 million in 2013/14, with Stansted included.
Chief financial officer Neil Thompson said: “Realistically, it will be a year of integration for Stansted to position it for growth next year.
“So while Stansted will be steady, the rest of the group should see growth.”
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.