MAG posts +4% rise in retail yield as commercial growth outstrips strong passenger gains

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…

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By Martin Moodie
The Moodie Davitt Report