London Gatwick has today published its full financial results for 2024, when it welcomed a total of 43.2m passengers, up 5.7% on the previous year. The successful year was driven by significant growth in the choice of airlines and destinations with 57 airlines serving the airport – more than ever before.
2024 results included:
- Revenue at £1,130.3m (up 11.3%), driven by growth in airline network and passenger numbers
- Revenue includes aeronautical income at £599.4m (up 9.8%), retail income of £241.3m (up 16.2%) and car parking income of £147.8m (up 11.3%)
- Profit for the period at £342.9m (up 8.9%), with EBITDA at £679.6m (up 10.0%)
Following the recent announcement that the Secretary of State for Transport, Heidi Alexander, is minded-to approve the airport’s Northern Runway plans, London Gatwick is engaging fully in the extended process toward a final decision. When approved, the privately financed £2.2bn project will deliver 14,000 new jobs and £1bn a year in economic benefits.
Construction is progressing on a £140m extension to Pier 6. When complete in 2027, eight new aircraft gates will benefit over 500,000 passengers currently bussed to their aircraft each year. A £60m project to install Next Generation technology on its security lanes means that the airport is now fully compliant with government regulations. The new technology will enhance passenger and cabin baggage screening by allowing passengers to keep liquids and electrical items in their hand luggage.
London Gatwick has also published its 2024 Decade of Change Performance Summary report today – tracking the performance of 42 metrics across three themes: People and Communities, Net Zero, and Local Environment. Highlights include cutting carbon emissions for London Gatwick’s on-airport fleet by 90% after swapping diesel fuel in 300 vehicles to Hydrotreated Vegetable Oil.
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