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

‘Use it or Lose it’ airport slot rule should be restored says UK airports
Gatwick Airport

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.