The owner of Manchester Airport raked in over £1bn and more than halved its losses thanks to a "rapid increase in pent up demand for travel".
Manchester Airports Group, which also owns London Stansted and East Midlands airports, added that the popularity of low cost, short-haul flights were a major factor in its improved performance.
The group has reported a revenue of £1.027bn for the 12 months to the end of March 2023, up from £461.2m, while its pre-tax losses have been cut from £185.9m to £59.4m.
