Gatwick’s H1 in line with expectations

Gatwick Airport
Gatwick Airport

Gatwick Airport has announced its half year results in line with previous forecasts, as it welcomed new European and long-haul routes.

The airport has posted an 8.6% increase in turnover to £391.6 million, which resulted in a 12.7% improvement in EBITDA to £221.6m. Profit before tax came in at £122.4m.

The six-month period also saw the airport’s busiest half year period in its history with 1.7 million more passengers using the facility, totalling 22.5m people overall.

New routes into Europe including Brussels and Paris were added alongside long-haul services but matched demand with load factors increased to 86.1%.

Norwegian’s new routes in the US and Emirates’ increased capacity to Dubai were behind its long-haul growth, as were new and existing routes to Israel, Vietnam, Turkey, Russia and Indonesia.

“Gatwick’s record-breaking year is testament to the significant investment made in improving the airport for passengers, and the benefits of greater competition in the London market. Nearly five years of independent ownership have seen growth of five million more passengers and we are attracting new routes across the board,” said Stewart Wingate, CEO of London Gatwick.

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