Saturday, August 25, 2012

NEWS | Manchester Airport Group boosts UK market share

Manchester Airport Group boosts UK market shareManchester Airport Group has grown its share of the UK aviation market by 0.4% to 15.8%, increasing passenger numbers across the group by 1.5m to 24.0m, which represents the first annual increase since 2008.

Revenue has grown to £373.2m, an increase of 8.6% on the prior year, reflecting growth in both aviation and commercial income.
Revenue growth was strong, even after adjusting for the impact of the volcanic ash cloud which disrupted air services in the UK during Spring 2010. Adjusting for this, revenue growth was £23.9m (6.8%) higher than the prior year.
Aviation revenue follows the increase in passenger volumes through new and more frequent routes and more airlines.
Commercial income reflects growth in retail and car parking revenues, driven by new offers, such as the ‘fast track’ security product, ‘pre-book’, ‘valet’, and ‘meet and greet’ parking products. Retail revenue has benefitted from a focus on maximising space with short term lettings and ‘pop-up’ concessions.


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