Gatwick Airport has reported continued ‘strong demand for travel’, with 19.9 million passengers in the first half of 2024, up 7.7% on the previous year.
The airport’s 2024 interim financial results reveal revenue increased by 15.3%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 13.9% at £268m, with net profit for the period at £106m, up 33.8% on the previous year.
The airport said passenger numbers are now at 90% of 2019 levels and 96.6% of passengers passed through security in five minutes or less. It added its special assistance provider Wilson James has met all requirements to help passengers needing assistance, while ‘continued collaboration’ is ensuring the air traffic control tower is operating well.
CEO Stewart Wingate said: “With the growing demand for travel, we are experiencing one of our busiest summers yet. Thanks to robust planning and close collaboration with our partners we’ve had a strong start to 2024, ensuring a reliable and enjoyable experience for our passengers.
“I am delighted that we have once again achieved good service levels, as evidenced by meeting 100% of our service measures. At the same time, through our Northern Runway Project, we are demonstrating our commitment to growing sustainably, in line with our Decade of Change sustainability strategy and government policy.
“Our teams have worked incredibly hard to achieve these results. As we continue to grow our network and offer more choice for passengers, we are working towards our vision to be the airport for everyone, whatever your journey.”
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The airport’s 2024 interim financial results reveal revenue increased by 15.3%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 13.9% at £268m, with net profit for the period at £106m, up 33.8% on the previous year.
The airport said passenger numbers are now at 90% of 2019 levels and 96.6% of passengers passed through security in five minutes or less. It added its special assistance provider Wilson James has met all requirements to help passengers needing assistance, while ‘continued collaboration’ is ensuring the air traffic control tower is operating well.
CEO Stewart Wingate said: “With the growing demand for travel, we are experiencing one of our busiest summers yet. Thanks to robust planning and close collaboration with our partners we’ve had a strong start to 2024, ensuring a reliable and enjoyable experience for our passengers.
“I am delighted that we have once again achieved good service levels, as evidenced by meeting 100% of our service measures. At the same time, through our Northern Runway Project, we are demonstrating our commitment to growing sustainably, in line with our Decade of Change sustainability strategy and government policy.
“Our teams have worked incredibly hard to achieve these results. As we continue to grow our network and offer more choice for passengers, we are working towards our vision to be the airport for everyone, whatever your journey.”
The post Gatwick reports rise in passenger numbers and profit appeared first on Travel Gossip.
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