The group that owns Manchester Airport lost more than £300million during its latest financial year as passenger numbers were a third of pre-pandemic levels.
Manchester Airports Group (MAG) has posted losses of £320m for the year to the end of March while its combined losses for the last two years stand at £694m. The group owns Manchester, London Stansted and East Midlands airports and served 20.5 million passengers in the financial year.
The number of passengers passing through Manchester Airport increased by 225% to 9.1 million. Compared with 2018/19, revenues were down 80% in 2020/21 and 48% during the following year.
