Macquarie ups stake to become majority owner of London City Airport Transport and infrastructure An asset management giant has become the majority owner of London City Airport after buying out some of its fellow shareholders. Macquarie Asset Management has increased its stake in the transport airport to 75 per cent after acquiring a further 50 per cent equity stake from Alberta Investment Management Corporation and OMERS. The move comes after Macquarie [...]
London City Airport’s profit has almost doubled Transport and infrastructure Profit at London City Airport almost doubled in 2024 thanks to a rise in passenger numbers, it has been revealed. For its latest financial year, the airport’s pre-tax profit increased from £6.6m to £11.8m. New accounts filed with Companies House also show its turnover rose from £102.6m to £115m. Passenger traffic increased by 4.6 per [...]
London Luton Airport: Profit more than doubles ahead of expansion Transport and infrastructure Profit at London Luton Airport more than doubled in 2024 ahead of major expansion plans being signed off by the government. The airport has posted a pre-tax profit of £89.8m for its latest financial year, new accounts filed with Companies House show. The total is up significantly from the £39.9m pre-tax profit London Luton Airport [...]
Drop off charges at UK airports hit £1 per minute July 17, 2025 Drop off charges at UK airports have reached the highest level on record amid booming travel demand over the summer. Analysis from the motoring group RAC found 11 airports have jacked up so-called ‘kiss and fly’ fees since last year as part of a long-running trend in the UK. Heathrow, Britain’s biggest airport, increased charges [...]
BA Cityflyer: Profit almost doubles at London City Airport carrier July 11, 2025 Profit almost doubled at BA Cityflyer, the main airline operating from London City Airport, in 2024 despite falling passenger numbers. The business, which is wholly owned by British Airways, has posted a pre-tax profit of £20.3m for its latest financial year, according to new accounts filed with Companies House. The latest total comes after the [...]
London Stansted Airport submits major expansion plans June 9, 2025 London Stansted Airport is seeking permission to increase the number of passengers it handles every year to more than 50m. The transport hub, which is owned by Manchester Airports Group, is hoping to up its annual passenger capacity to nearly 51m over the next two decades. The airport said it is aiming to complete the [...]
Heathrow to pay first dividend in five years to new owners February 26, 2025 London Heathrow Airport plans to pay its owners a first dividend in five years after passenger numbers reached record highs in 2024. The West London hub has settled on a payout of £250m over the coming weeks, the first since before the pandemic. Heathrow’s ownership underwent its most significant change in decades in 2024 after [...]
Five airport expansions at once? London’s economy is finally ready for takeoff January 28, 2025 London’s airports are an economic success story for the whole UK. Increasing capacity is a no-brainer, writes BusinessLDN chief John Dickie.
Profit takes off at Manchester Airport and London Stansted owner December 10, 2024 Profit at the group behind Manchester, London Stansted and East Midlands airports took off in the first six months of its financial year thanks to a record-breaking summer, it has been announced. Manchester Airports Group (MAG) has reported a pre-tax profit of £139.6m for the six months to 30 September, 2024, up from £115.9m, thanks [...]
Heathrow: Passenger numbers soar as boss hails ‘busiest summer’ September 11, 2024 Heathrow Airport has reported a fourth consecutive month of record-breaking passenger traffic in what has proved one of the UK’s busiest ever summers for travel demand. Some 8m travellers passed through in August, up 5.5 per cent year-on-year and bringing the West London hub’s rolling 12 month total to 82.6m. Heathrow said it was “on [...]