Gatwick Airport revenue up 30% as air travel recovery continues

Gatwick Airport’s full year revenue was up 30.7% to £1bn ($1.27bn) in 2023, driven by a continual post-pandemic recovery of passenger numbers. It noted that passenger numbers were up 24.7% from 2022 to 40.9 million travelling through the airport; reaching 88% of pre-pandemic (2019) levels. In particular, recovery peaked in both July and October where passenger numbers reached 94% of 2019 levels. Its profit after tax for the year was £314.8 million ($401.2 million), up 69.9%, with its EDBITDA at £617.7 million ($786.98 million), up 38.4%. “Combined, our strong performing airline, retail and other revenue streams means we can once