Manchester Airport Group Investments Limited (MAGIL), parent of Manchester Airport Group Funding, has published its annual report for the year to March 31, 2025, which revealed an increase in revenues, but a slight fall in pre-tax profits.
From: thebusinessdesk.com
The group recorded a turnover of £1.342bn, up 8.5% on the previous year. Pre-tax profits of £217.7m were a 0.1% decline on 2024.
Passenger totals rose six per cent to 65 million people. The group comprises Manchester Airport, East Midlands Airport and London Stansted Airport.
That means around one in five of all UK air travellers used a MAG airport during the year, reflecting the reach of its combined catchment areas.
Manchester Airport served 31.1 million passengers, an increase of eight per cent on FY24, signalling a record-breaking performance.
In a significant milestone, the airport hit 30 million passengers served over a 12-month period in September 2024. Passenger growth has steadily continued into FY26.
London Stansted saw history-making passenger numbers across FY25, serving 29.9 million people, which was a 4.9% increase on FY24.
East Midlands Airport served four million passengers in FY25, the same figure as in the previous year. East Midlands’ cargo operation, the UK’s largest pure freight operation, remained consistent, throughout the period, handling more than 367,000 tonnes of cargo in FY25.
Against a backdrop of government support for sustainable aviation expansion, MAG has continued to invest strongly in its airports during the year, with plans to invest around £2.5bn over the next five years, which would cement its position as the UK’s largest private funder of transport infrastructure schemes outside of London.
This year will be a significant year for Manchester, as its 10-year Transformation Programme completes.
During the year, a number of important construction milestones were achieved, with passenger feedback on the new facilities already delivered continuing to be hugely positive.
As MAG enters the final months of the project’s delivery, it is also pleasing to reflect on its legacy. Since the start of Phase 2 in 2023, 118 jobs have been created, including 2,807 apprenticeship weeks. Of those 54% were within a 35-mile radius of the airport.
In October 2024 London Stansted announced a five-year, £1.1bn investment plan during the Government’s International Investment Summit.
Underlining the role of aviation in driving growth, East Midlands Airport’s partnership with Prologis was a prominent feature of the Chancellor’s growth speech earlier this year. Under the agreement, up to £1bn of investment will be unlocked around the airport through the development of logistics and advanced manufacturing space.
East Midlands also announced plans to bring forward four further sites next to its runway for development, with the potential to create more than 21,000 jobs.
In May 2024 MAGIL executed the second of two one-year extension options on its £500m revolving credit facility, extending the maturity of this facility together with the Liquidity Facility to May 2029.
The Liquidity Facility was increased to £135m (previously £90m) in March 2025 to provide sufficient interest cover for future bond issuances. The revolving credit facility and liquidity facility were undrawn at March 31, 2025.
From: thebusinessdesk.com
The group recorded a turnover of £1.342bn, up 8.5% on the previous year. Pre-tax profits of £217.7m were a 0.1% decline on 2024.
Passenger totals rose six per cent to 65 million people. The group comprises Manchester Airport, East Midlands Airport and London Stansted Airport.
That means around one in five of all UK air travellers used a MAG airport during the year, reflecting the reach of its combined catchment areas.
Manchester Airport served 31.1 million passengers, an increase of eight per cent on FY24, signalling a record-breaking performance.
In a significant milestone, the airport hit 30 million passengers served over a 12-month period in September 2024. Passenger growth has steadily continued into FY26.
London Stansted saw history-making passenger numbers across FY25, serving 29.9 million people, which was a 4.9% increase on FY24.
East Midlands Airport served four million passengers in FY25, the same figure as in the previous year. East Midlands’ cargo operation, the UK’s largest pure freight operation, remained consistent, throughout the period, handling more than 367,000 tonnes of cargo in FY25.
Against a backdrop of government support for sustainable aviation expansion, MAG has continued to invest strongly in its airports during the year, with plans to invest around £2.5bn over the next five years, which would cement its position as the UK’s largest private funder of transport infrastructure schemes outside of London.
This year will be a significant year for Manchester, as its 10-year Transformation Programme completes.
During the year, a number of important construction milestones were achieved, with passenger feedback on the new facilities already delivered continuing to be hugely positive.
As MAG enters the final months of the project’s delivery, it is also pleasing to reflect on its legacy. Since the start of Phase 2 in 2023, 118 jobs have been created, including 2,807 apprenticeship weeks. Of those 54% were within a 35-mile radius of the airport.
In October 2024 London Stansted announced a five-year, £1.1bn investment plan during the Government’s International Investment Summit.
Underlining the role of aviation in driving growth, East Midlands Airport’s partnership with Prologis was a prominent feature of the Chancellor’s growth speech earlier this year. Under the agreement, up to £1bn of investment will be unlocked around the airport through the development of logistics and advanced manufacturing space.
East Midlands also announced plans to bring forward four further sites next to its runway for development, with the potential to create more than 21,000 jobs.
In May 2024 MAGIL executed the second of two one-year extension options on its £500m revolving credit facility, extending the maturity of this facility together with the Liquidity Facility to May 2029.
The Liquidity Facility was increased to £135m (previously £90m) in March 2025 to provide sufficient interest cover for future bond issuances. The revolving credit facility and liquidity facility were undrawn at March 31, 2025.