Manchester Airports Group has reported a record number of passengers between April and September 2025, with volumes up more than 700,000 year-on-year. This helped drive revenue up past £850m.
From: insidermedia.com
Passenger numbers at MAG for the six months to 30 September 2025 were 38 million, an increase of 1.9 per cent compared to the 37.3 million passengers in the previous year.
Increasing passenger levels, coupled with improved mix, have been the principal source of the period-on-period uplift in revenue of £80.9m to £850.6m.
Revenue growth has outpaced the operating costs growth leading to an increase in adjusted EBITDA of £27.8m to £405.9m, and operating profit which increased by £3.8m to £248.3m.
Profit before tax was £144.6m, up from £139.6m.
The group's airports include Manchester Airport, East Midlands and London Stansted.
Across what was the busiest summer period in its history, Manchester Airport handled 18.5m passengers between April and September, a 3.9 per cent increase on HY25.
The ten-year transformation of Manchester Airport is nearing completion, with a series of construction milestones reached in the first half. The opening of new check-in facilities and an extension to Terminal 2's departure lounge.
A record breaking six months saw London Stansted serve 16.8m passengers, an increase of 0.6 per cent on the same period last year. The airport serving London and the East of England maintains the UK's most extensive network of European destinations.
Celebrating its 60th year of operation in April, East Midlands Airport served 2.7m passengers across the first six months of the year, a decrease of 3.6% compared to last year. As the UK's largest pure freight operation, East Midlands Airport handled more than 201,000 tonnes of cargo between April and September. This was a significant increase of 9.7 per cent compared to last year.
The Manchester-headquartered group also saw good growth from its travel services business, CAVU, which now has a presence in more than 300 airports worldwide.
MAG chief executive Ken O’Toole said: "It is pleasing to report strong interim results, driven by our focus on maximising the choice we give to passengers in all parts of the country.
"One in five UK air passengers use a MAG airport and we are committed to providing them the best possible value when they travel for business, leisure or to visit friends and family. That is reflected in the strong passenger performance we saw in the first half, which drove both revenue and EBITDA growth.
"Our diversification into global travel services is also working well, with CAVU growing the number of lounges it operates around the world and the variety of products it sells through its digital platform.
"MAG is the largest transport investor outside the M25 and we have plans to build on the historic £1.3bn transformation of Manchester Airport with a further programme of major investment over the next five years. That will unlock growth in the regions we serve, powering the UK economy.
"The Government’s policy support for airport expansion provides a welcome backdrop for that. It has rightly put aviation at the heart of its growth mission. But unprecedented increases to business rates risk holding the sector back by making travel more expensive for consumers and undermining investment cases.
"That is why we need a realistic rates settlement in the Treasury’s upcoming review to give us the confidence to proceed with our investment plans as they are."
From: insidermedia.com
Passenger numbers at MAG for the six months to 30 September 2025 were 38 million, an increase of 1.9 per cent compared to the 37.3 million passengers in the previous year.
Increasing passenger levels, coupled with improved mix, have been the principal source of the period-on-period uplift in revenue of £80.9m to £850.6m.
Revenue growth has outpaced the operating costs growth leading to an increase in adjusted EBITDA of £27.8m to £405.9m, and operating profit which increased by £3.8m to £248.3m.
Profit before tax was £144.6m, up from £139.6m.
The group's airports include Manchester Airport, East Midlands and London Stansted.
Across what was the busiest summer period in its history, Manchester Airport handled 18.5m passengers between April and September, a 3.9 per cent increase on HY25.
The ten-year transformation of Manchester Airport is nearing completion, with a series of construction milestones reached in the first half. The opening of new check-in facilities and an extension to Terminal 2's departure lounge.
A record breaking six months saw London Stansted serve 16.8m passengers, an increase of 0.6 per cent on the same period last year. The airport serving London and the East of England maintains the UK's most extensive network of European destinations.
Celebrating its 60th year of operation in April, East Midlands Airport served 2.7m passengers across the first six months of the year, a decrease of 3.6% compared to last year. As the UK's largest pure freight operation, East Midlands Airport handled more than 201,000 tonnes of cargo between April and September. This was a significant increase of 9.7 per cent compared to last year.
The Manchester-headquartered group also saw good growth from its travel services business, CAVU, which now has a presence in more than 300 airports worldwide.
MAG chief executive Ken O’Toole said: "It is pleasing to report strong interim results, driven by our focus on maximising the choice we give to passengers in all parts of the country.
"One in five UK air passengers use a MAG airport and we are committed to providing them the best possible value when they travel for business, leisure or to visit friends and family. That is reflected in the strong passenger performance we saw in the first half, which drove both revenue and EBITDA growth.
"Our diversification into global travel services is also working well, with CAVU growing the number of lounges it operates around the world and the variety of products it sells through its digital platform.
"MAG is the largest transport investor outside the M25 and we have plans to build on the historic £1.3bn transformation of Manchester Airport with a further programme of major investment over the next five years. That will unlock growth in the regions we serve, powering the UK economy.
"The Government’s policy support for airport expansion provides a welcome backdrop for that. It has rightly put aviation at the heart of its growth mission. But unprecedented increases to business rates risk holding the sector back by making travel more expensive for consumers and undermining investment cases.
"That is why we need a realistic rates settlement in the Treasury’s upcoming review to give us the confidence to proceed with our investment plans as they are."