Major Expansions at Manchester and Stansted Airports Follow Manchester Airport Group’s Recovery from the Pandemic

Justin Lee

Singapore

July 15, 2023

London STN

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Manchester Airport Group

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Manchester Airport Group which consists of Manchester, London Stansted and East Midlands airports saw a strong recovery in the year ended March 2023. During this period, total passenger throughput reached 54.1 million passengers, which was a year-on-year increase of 163.2% compared to the passenger throughput for the same period in the previous year.

Passenger traffic for Manchester, London Stansted and East Midlands airports saw year-on-year growth rates of 176%, 148.6% and 192.1% respectively.

Manchester Airport Group Passenger Traffic Performance

  Manchester London Stansted East Midlands MAG
Rolling 12-month total to March'23 25,237,615 25,512,720

3,330,468

  54,080,803
12-month total % change year-on-year 176.0% 148.60% 192.10% 163.20%
Rolling 12-month total to March'22  9,124,442 10,261,591 1,140,342  20,544,375

@Manchester Airport Group Annual Report

The strong recovery of the three airports translated into improved revenue out-turns.

For the year ended March 2023, Manchester Airport Group generated a total turnover of GBP1bn, a 122.7% increase compared to the turnover generated in the same period in for the year ended March 2022.

In terms of revenue streams, car parking and retail concessions saw the greatest year-on-year improvements of 156.6% and 188.8% respectively.

In terms of division, the greatest contributors to Manchester Airport Group’s revenues were Manchester Airport and London Stansted Airport which made up 42% and 36% of the Group’s revenues respectively.

In particular, Manchester Airport Group’s ecommerce and intelligent passenger services division, CAVU generated a turnover of GBP142.1mn, which was a 338.6% increase year-on-year. CAVU is a merger of firm's US and digital divisions MAGO and MAG USA.

MAG Revenue

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