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Gatwick Airport revenue increases 7.7% and long-haul network grows

Gatwick Airport revenue increases 7.7% and long-haul network grows

Revenue at Gatwick Airport increased 7.7 per cent for the year ending 31 March 2017, with cargo volumes up 15.9 per cent.

Revenue hit £725 million ($931.8 million) with EBITDA rising 12.9 per cent to £373.6 million, and profit before tax was £131.8 million.

Gatwick Airport chief executive officer, Stewart Wingate says: “It has been another record-breaking year and another chapter in the transformation of Gatwick. Our continued growth and success is a testament to record investment, increased competition, and our renewed focus on efficiency and service.”

Gatwick’s long-haul network has grown with Cathay Pacific increasing Hong Kong services to daily and Rwandair launching Kigali flights.

Norwegian will start Singapore, Seattle and Denver flights this year, and provide a connection to Buenos Aires from February 2018.

China Airlines will launch Taipei services in December 2017, bringing Gatwick’s long-haul network to 60.

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