Manchester Airport Group Experiences a Strong Recovery from the Pandemic in FY22

Justin Lee

Singapore

July 10, 2022

Manchester Airport

Manchester Airport Group’s (MAG) recovery from the pandemic has been shown in the annual results released by the Group for the year ended 31 March 2022 (FY22).

Source: MAG Investor Presentation for FY22

For the year ended 31 March 2022, the three UK airports in MAG’s portfolio – Manchester, London Stansted as well as East Midlands – served a total of 20.5 million passengers. This was a year-on-year increase by 225% compared to the number of passengers handled in FY21, but still a 65.5% decrease compared to the number of passengers handled in FY20. In MAG’s Investor Presentation summarizing its performance for FY22, MAG brought to attention the various challenges that had impeded the recovery process at its three airports. While a successful vaccination program as well as the easing of travel restrictions in the United Kingdom had enabled a recovery of passenger traffic – passenger volumes rose to 58% of pre-pandemic levels in November 2021 – the recovery had been set back by the discovery of the Omnicron variant, which resulted in tighter testing and quarantine restrictions. Nevertheless, MAG was able to demonstrate the case for removal of the testing and quarantine restrictions, which were lifted in two stages in the final six weeks of FY22. This allowed for rapid return for demand and passenger numbers in March 2022 reached 70% of pre-pandemic levels. By May 2022, MAG revealed that passenger traffic had reach 82% of pre-pandemic, indicating a sustained momentum of the recovery. 

Subscriber-only content. You must be signed in and have a subscription plan to view this information.

Not a member of airportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator profiles, industry insights, reports and much more.

What's Included

  • In-depth deal pipeline content
  • Feature articles and analysis
  • Detailed operator profiles
  • Industry insights, reports and much more

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus. Pellentesque quis sagittis diam. Fusce congue pulvinar interdum. Curabitur porta libero enim, ullamcorper condimentum diam accumsan quis. In tempor egestas risus, id congue nibh cursus in. Cras sollicitudin fermentum orci et eleifend.

Nam eget imperdiet risus, at luctus nulla. Nullam porttitor, est quis viverra fringilla, ipsum velit tincidunt massa, vel egestas lacus velit eget mauris. Proin finibus condimentum tellus, in commodo felis dapibus a. Curabitur luctus et sapien a dapibus. Mauris faucibus dapibus justo vitae varius. Proin quis mauris eros. Curabitur tincidunt feugiat dignissim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus.