Stobart Group reports highlights for year ended 28-Feb-2018

Stobart Group reported (10-May-2018) aviation business EBITDA increased 3500% year-on-year in FY2018, ended 28-Feb-2018. Stobart also returned GBP74.1 million to shareholders via dividends and share buy backs. Operational highlights for aviation include:

• London Southend Airport was the UK's fastest growing airport in 2017 with 29% growth in passenger numbers;
• Opened new Stobart Jet Centre at Southend, providing a "premium experience and boosting London capacity for business travel";
• Stobart Air passengers: +9%, growing through franchise and commercial agreements with Aer Lingus and Flybe;
• Stobart Aviation Services awarded a new ground handling contract with easyJet at London Stansted Airport;
• Plans for commencement of commercial operations from Carlisle Lake District Airport from Jun-2018. [more - original PR]