Overcast

Overcast

max temp: 4°C

min temp: 0°C

Search

Stansted: Airport delivers boost to revenue and earnings at MAG

PUBLISHED: 14:59 15 July 2014 | UPDATED: 15:53 15 July 2014

Essex Police said the jets were deployed on a precautionary basis following a loss of communication with the private aircraft.

Essex Police said the jets were deployed on a precautionary basis following a loss of communication with the private aircraft.

Archant

Stansted Airport generated £245.1million in revenue and £88.9m in earnings during its first full year as part of Manchester Airports Group (MAG), according to annual results announced today.

The figures, covering the year to March, show the acquisition of Stansted in January last year helped push total group revenue to £671.2m.

Excluding Stansted, turnover for the group, which also owns Manchester, East Midlands and Bournemouth airports, grew by £33m to £426.1m, a rise of 8.4%.

Group earnings excluding Stansted grew by 9.6% to £153m and, with Stansted included, to £241.9m while operating profit excluding one-off items and the contribution from Stansted came in at £83.9m, an incease of 11.4%.

Passengers numbers excluding Stansted grew by 5.4% during the year, ahead of the market as a whole.

Stansted contributed 18m to the group-wide passenger total, its highest figure for two years. This represented annual growth of around 3.4% although month-on-month increases were regularly significantly greater as the year progressed, with MAG agreeing new deals with a number airlines operating from Stansted and starting work on an £80m reconfiguration of its passenger terminal.

Neil Thompson, chief financial officer at MAG, said: “The group has delivered another strong year of financial performance, exceeding its financial targets and delivering continued growth.”

He added: “The initial integration of Stansted into MAG has been successfully completed and the wide-ranging development and investment into the airport is well underway.

“The significant activity at Stansted and across MAG this year will generate continued strong performance and growth in 2014-15 and beyond.”

An alliance of schools in Ipswich has won £20,000 of funding to boost the quality of teaching in the area through better use of research.

A car has rolled onto its roof following a single vehicle collision on the A12 at Copdock.

A well-known Elvis impersonator from Ipswich has died at the age of 57 following a short battle with cancer.

A Second World War hand grenade has been destroyed in a controlled explosion after being handed in at Felixstowe Police Station by a member of the public.

An mother-of-six can continue keeping pets despite being convicted of mistreating a dog.

An A&E department in Suffolk had to close to ambulances for a temporary period because patient safety was at risk, it has been revealed.

A number of roads and rail lines remain closed in the aftermath of Storm David - here is a rundown of where to avoid on your trip home.

HERE’S HOW TO TRANSFORM YOUR HOME WITH 2018’S TRENDIEST COLOUR - ULTRA VIOLET

Ipswich MP Sandy Martin has asked for talks with transport ministers about building a new road across the north of the town – as it emerged that more than half a million pounds has been committed to planning a new route.

With various names having been ascribed to the gales that plagued Suffolk yesterday morning, there was some confusion as to what the storm was actually called.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24