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MAG reports £374m loss during pandemic
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8th July 2021
The results have been published ahead of the group’s court appearance tomorrow, where it intends to challenge the government on its traffic light system
Manchester Airports Group (MAG) has released its full-year results for the year ending March 31.
The organisation kept its airports open throughout the pandemic to facilitate essential travel and freight handling, whilst also transporting protective medical equipment and pharmaceutical supplies.
Between 2020 and this year, it recorded a £374m loss as a result of keeping its sites open with limited passenger traffic.
Photo MAG
However, an increase in online shopping helped boost freight operations at East Midlands, rising by 19% and London Stansted, which climbed by 31%.
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