The Manchester Airports Group (MAG) reported a record year, achieving £1.3 billion in revenue and 65 million passengers served, while committing to a £2.5 billion investment over the next five years to enhance airport infrastructure and expand services.

Information on the Target

The Manchester Airports Group (MAG) is the largest private investor in transport infrastructure outside of London in the UK. This year, the Group achieved a significant milestone by serving 65 million passengers for the fiscal year ending March 31, marking its first time reaching such a high volume. MAG operates major airports including Manchester, London Stansted, and East Midlands Airports, and has made substantial advancements in its digital travel services business, CAVU, which recently acquired the European parking comparison site, Parkos.

MAG's financial performance for the reported year was impressive, with revenues surging to £1.3 billion, reflecting an 8.4% increase from the previous fiscal year. The adjusted EBITDA climbed to £570.4 million, a 12.5% rise year-on-year, fueled by new routes and expanded service frequencies from airlines such as easyJet, Ryanair, Jet2.com, and TUI. Notably, the inaugural service from India’s largest airline, IndiGo, connecting Manchester to Mumbai, underscores the Group’s international expansion.

Industry Overview in the UK

The UK aviation industry is a crucial driver of the national economy, contributing significantly to regional development and job creation. According to industry reports, airports across the country are experiencing a resurgence in passenger traffic post-pandemic, spurring