Passenger Traffic Recovery Fuels IFM’s Global Airport Expansion Strategy

Justin Lee

Singapore

May 30, 2025

Manchester 1

© Nabil Molinari / Flickr

IFM Investors’ global airport portfolio has delivered strong passenger growth over the past 12 months, providing a solid foundation for its intensified capital expansion strategy. Across Europe and Australia, airports backed by IFM Investors have returned to or surpassed pre-pandemic volumes, enabling IFM to pursue transformative investments in capacity upgrades, operational efficiency, and decarbonization.

Vienna Airport (Flughafen Wien Group) handled a record 31.72 million passengers in 2024, marking a 7.4% increase year-on-year and slightly exceeding 2019 pre-COVID levels. Including its stakes in Malta and Košice airports, total group traffic reached 41.4 million passengers, representing 9.1% growth over 2023.

In the United Kingdom, Manchester Airports Group (MAG) — where IFM holds a 35.5% stake — reported 37.3 million passengers in the six months to September 2024, a 6.9% year-on-year increase, and 61.3 million passengers for the full year to March 2025, exceeding pre-pandemic volumes.

Stansted 1

© bjaglin / Flickr

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