London Gatwick Airport recovers strongly in 2022
London Gatwick Airport has today published its financial results for 2022, and recognising the urgent need to make net zero a reality has accelerated its commitment to be net zero for its own Scope 1 and 2 carbon emissions by 2030, 10 years ahead of its previous commitment. This commitment is aligned with both VINCI Airports’ environmental action plan, which aims for all its EU airports to be net zero by 2030, and GIP’s strong commitment to decarbonisation action.
This will be achieved by investing over £250 million to reduce carbon emissions, such as moving to an electric vehicle fleet and replacing gas boilers and refrigerants with low carbon alternatives. The airport will also continue to reduce overall energy use, invest in on-site renewable energy, including solar power, and source renewable electricity through Power Purchase Agreements (PPAs), to further continue London Gatwick’s role in helping the UK to decarbonise.
London Gatwick will share more details on plans to deliver against its climate goals in the coming months.
2022 results include:
Passenger demand at 70.4% of pre-pandemic levels, with 32.8 million passengers passing through the airport in the year ending 31 December 2022.
Revenue at £776.6 million, driven by a strong and steady recovery in passenger numbers throughout 2022. This includes aeronautical income (£405m), retail income (£159m) and car parking income (£102m).
Returned to a profit of £196.5 million in 2022, after over £830 million of losses from 2020 and 2021.
EBITDA at £446.3 million.
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