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Vinci: London Gatwick profitable once again

( - London Gatwick Airport, a 50.
01% owned subsidiary of Vinci Airports, today published its 2022 annual results.

The airport is back in the black, posting 2022 net profit of £196.5m, following losses of over £830m in 2020 and 2021. Operating profit (Ebitda) reached £446.3m.

Passenger demand reached 70.4% of pre-pandemic levels, with 32.8 million passengers passing through the airport in 2022.

Revenue of £776.6m was driven by a strong and steady recovery in passenger numbers throughout 2022. This includes aeronautical revenues (£405m), retail revenues (£159m) and parking revenues (£102m).

Despite returning to profit, the airport is only cautiously optimistic about a full recovery, given the current economic uncertainty and inflationary pressures.

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