Manchester Airport Group is embarking on a new phase of infrastructure investment, following a record year that saw growth in its international footprint. The company’s airports contributed to its success.
Increase in Revenue
MAG owns and operates Manchester, London Stansted, and East Midlands Airports, including travel services business CAVU. The group has released its full-year results for the last 12 months to 31 March. MAG saw an increase in revenue during April 1, 2024, and Mar. 31, 2025. The group posted revenues of £1.3 billion, up 8.4% on FY24, and adjusted EBITDA of £570.4 million, an increase of 12.5% year-on-year. After accounting for one-offs, operating profit was £263.2 million, an increase of 9.8% on FY24. MAG was able to serve a total of 65 million passengers for the first time in history. This was the result of growth at all its airports, which led to the increase in performance.
This feat was achieved through a combination of new routes and extra frequencies from its existing major airlines such as easyJet, Jet2, TUI, Ryanair, and through access to new carriers to its airports. As mentioned before, CAVU is a subsidiary of MAG aimed at improving travel experiences, it also contributed to the group’s success. CAVU is now present at 308 airports in 48 countries. CAVU sells travel products through a digital marketplace and operates airport lounges, its revenue saw an increase of nearly 14% year-on-year.
Future Investment
MAG is committed to completing its 10-year Manchester Airport Transformation Programme and continues to invest in the project. The project is expected to be completed this year, and the group is expecting to spend a further £2.5 billion over the next five years at all three airports. This includes the £1.1 billion investment at London Stansted that was announced during the Government’s International Investment Summit in October. The company believes the investment programmes will drive growth and prosperity in the regions it serves by providing more job opportunities and stimulating international trade in high-value sectors.
Ken O’Toole, chief executive officer of MAG, commented that the group plays a vital role in connecting the United Kingdom (UK) to the world and that its airports are engines of growth to the regions in which they serve. O’Toole added that:
“Looking ahead, we remain focused on sustainable growth. Our new five-year Sustainability Strategy builds on two decades of progress and reinforces our commitment to reducing emissions, creating opportunities, and supporting the communities we serve.”
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