Posted: 3 July 2025 | Gabriel Higgins | No comments yet

MAG served 65 million passengers, expanded routes, and unveiled major investment plans to boost regional economies and sustainability across its airports.

MAG has reported a record year, serving 65 million passengers for the first time in its history for the year ending 31 March. The Group, which owns and operates Manchester, London Stansted and East Midlands Airports, as well as travel services business CAVU, posted revenues of £1.3 billion, up 8.4% on the previous year. Adjusted EBITDA rose 12.5% to £570.4 million, while operating profit increased 9.8% to £263.2 million.

Growth was driven by new routes and increased frequencies from major airlines including easyJet, Ryanair, Jet2.com and TUI. Notably, India’s largest airline, IndiGo, began its first European service from Manchester to Mumbai during the period. CAVU, MAG’s digital travel services business, grew revenues nearly 14%, now operating at 308 airports in 48 countries.

MAG continued its major infrastructure investment, nearing completion of the 10-year Manchester Airport Transformation Programme later this year. The Group plans to invest a further £2.5 billion across its airports over the next five years, including £1.1 billion at London Stansted announced at the Government’s International Investment Summit in October.

MAG CEO Ken O’Toole said, “This year’s record performance is a testament to the strength of our business and the dedication of our people. With more passengers choosing our airports than ever before, MAG continues to play a vital role in connecting the UK to the world.” He added, “Our airports are engines of growth for the regions they serve. Through continued investment, we’re creating jobs, supporting local economies, and enabling trade and tourism across the North, South and Midlands.”

O’Toole also highlighted MAG’s commitment to sustainability: “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.”

Customer experience remained strong with 98.9% of passengers passing through security in 15 minutes or less across all three airports.

Manchester Airport

London Stansted Airport

East Midlands Airport

CAVU

Working together for a brighter future

As the Group continued to work towards its target of net zero carbon operations by 2038, its commitment to sustainability was once again independently recognised. In 2025, MAG was names a Financial Times European Climate Leader for the fifth time, as well as retaining its five-star GRESB rating. It also received a ‘gold standard’ award by EcoVadis, placing MAG in the top 5% of rated businesses.

Across the reporting period, MAG welcomed updates from UK Government about the use and domestic production of Sustainable Aviation Fuel (SAF), including that the UK’s SAF Mandate, and the creation of a Revenue Certainty Mechanism (RCM) for domestic SAF. The creation of an RCM, which has now been passed into law, will assist the UK in realising the potential of a domestic SAF industry, which will ensure that the cost of flying remains accessible for passengers, while creating tens of thousands of green jobs in the UK.

In May, MAG launched its new five-year Sustainability Strategy ‘Creating a sustainable future for all’. The new Strategy builds on the more than two decades progress and focus that has placed sustainability at the core of how MAG operates. The Strategy has two main focus areas: Protecting our Environment and Community at our Core, with a number of targets in place, including reducing scope 1&2 market-based emissions by 48%, supporting 70,000 young people through education programmes, and donating £1.5m to local communities, all by 2030. You can read the full Strategy here.

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Air freight and cargo, Airlines, Airport construction and design, Airport development, Cargo, Digital transformation, Non-aeronautical revenue, Passenger experience and seamless travel, Passenger volumes, Regulation and Legislation, Sustainability

Brisbane Airport (BNE), Bristol Airport (BRS), Cairns Airport (CNS), East Midlands Airport (EMA), Kansas City Airport (MCI), La Guardia Airport (LGA), London Stansted Airport (STN), Manchester Airport (MAN), Melbourne Airport (MEL), Northwest Arkansas Airport (XNA), Portland Airport (PDX)

CAVU, EcoVadis, Financial Times European Climate Leader, Government’s International Investment Summit, GRESB, MAG, Prologis, UK Government

United Kingdom and Ireland

Ken O’Toole