Originally Posted by
Johnny F@rt Pants
I actually don't think that is the case, profit margins are very tight, it is down to volume. MAG runs airports that collectively see a throughput of about 60 million people, and they made £217 million, thats less than £4 per passenger unless I'm being a bit numb (there's a good chance of that), and I know from having sat and listened to the management of the biggest airline based at MAN, that margins are similar, 4p in the £.
I don't think they are having a serious laugh at all, not at those margins.
Revenue per passenger was nearly £14 in the last financial year. Profit can be adjusted through investment decisions, depreciation, etc so 'making' £217m is potentially not the full picture. Besides, they still managed to give shareholders dividends of £166m - or around £2.80 per passenger...