UK. Manchester Airports Group, which owns Manchester, London Stansted and East Midlands airports, today posted an +11.2% rise in retail revenues to £181.6 million (US$240.4 million) for the year ended 31 March 2018.
That growth outstripped a healthy +6.7% rise in passenger traffic year-on-year.
Car parking saw a +14.8% revenue rise to £187.2 million (US$247.8 million) and property revenues were up +4.7% to £44.4 million (US$58.8 million).
MAG noted that it had achieved a +4% increase in retail yield despite “challenging” conditions, particularly in duty free…
By Martin Moodie
The Moodie Davitt Report