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UK’s largest British-owned airport operator in fight back after four depressing years

15-Aug-2011

Manchester Airports Group (MAG) has released its annual financial report for year ended 31-Mar-2011. They reveal static income levels but strict cost cutting. The maximisation of non-aero revenues have helped MAG increase net profit by almost 130%. [1849 words]

Unlock the following content in this report:

Subheadings:

  • Passenger reductions means MAG couldn’t bid for some airports even if it wanted to
  • Some way to go to restore parity with its position in 2007
  • Management tries to stem freight losses
  • Growing property portfolio
  • Pipe Dream
  • Solid financial foundation

Graphs and data:

  • Financial/traffic report – MAG, 12 months ended 31-Mar-2011 (all financial figures GBP million)
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