Manchester Airport hits new heights as MAG announces its 2016/17 results
- 27 million passengers flown in last twelve months at Manchester Airport, a 12% increase year on year
- Manchester Airports Group (MAG) announces £140.9m full year dividend, an increase of 21.7% year on year
- MAG EBITDA grows by 8% to £343.2m
- All four MAG airports carried 55.9m passengers in the last financial year, an 7.7% increase
Manchester Airport has seen a record 27 million people pass through its three terminals in the last 12 months.
The UK’s third largest airport passed the milestone for the first time in its 79 year history. More than 2.75m passengers flew in and out of the airport in June – an increase of 9% on June 2016.
June saw the one year anniversary of the Hainan Airlines service to Beijing and it also saw Cathay Pacific increase its flights to Hong Kong to five per week.
Over the last year the UK’s third largest airport added a wealth of new routes, which helped reach the 27m passenger milestone. These include: Muscat (Oman Air), San Francisco (Thomas Cook Airlines and Virgin Atlantic), Boston (Virgin Atlantic and Thomas Cook Airlines), Los Angeles (Thomas Cook Airlines), Houston (Singapore Airlines), Riyadh (Saudia), Beijing (Hainan Airlines), Nuremberg (Ryanair), Casablanca (Royal Air Maroc) and Tobago (Thomas Cook Airlines).
Collette Roche, Acting Managing Director for Manchester Airport, said: “Passing 27 million passengers is another significant milestone for the airport.
“The last 12 months has seen a host of new long haul routes and as we move into the busy summer season we’re looking forward to welcoming even more passengers through our terminals.
“Our continued growth of passengers and destinations clearly highlights the role we play in UK aviation and as the global entry and exit point of the Northern Powerhouse. This is further reinforced by the strong financial results issued today by MAG.”
Due to the extra demand aircraft movements were also up in the last 12 months by 11%, meaning more than 200,000 planes took off and landed on the airport’s two full length runways.
Cargo also saw a boost with 10,952 tonnes carried - an increase of 7% on June 2016. It equates to a 12% year on year increase with the annual rolling tonnage now at 118,849.
The 27m passenger milestone has been met as MAG releases its 2016/17 financial results, which sees the UK’s largest airport group deliver a sixth consecutive year of growth. The last financial year saw Manchester Airport enter the European top 20 busiest airports, bolstering its position as the UK’s global gateway to and from the North. For the 12 months ending 31st March 2017 MAG saw growth across all of its airports with total passenger numbers for the year up to 55.9m, an increase of 7.7%.
The continued growth led to the group paying a 21.7% higher dividend compared to the previous year of £140.9m.