Gatwick continues to make around 1/3 of its income from retail + car parking

Gatwick airport had slightly more passengers this year (+5.7%) than 2014, though the additional number of flights is small (+2.6%). The Moodie Report says in the 6 months March to September 2015, Gatwick had 3.5 million passengers (+4.7% year-on-year), and it had a +5.2% rise in revenues to £411.8 million. This resulted in a +6.8% rise in EBITDA to £241.0 million and a pre-tax profit of £135.2 million on a consolidated basis. Gatwick’s aeronautical revenues (income from flying, mainly landing charges) rose by 5.1% to £228.9 million, due to a 4.7% increase in departing passengers. Gatwick’s retail income rose +1.4% to £85.5 million but, importantly, net income per passenger decreased by -3.0% to £3.60 due to “challenging trading” in the duty free and tax free category. Income from duty free and tax free declined by -2.5% period-on-period.  On food & drinks Gatwick made +2% more per passenger than the year before.  Car parking income rose +7.4% to £47.7 million and net income per passenger for car parking increased +11.9% to £1.60. So Gatwick makes  56.6% of its income from aeronautical revenues [it as 53.5% in 2013/14]; it makes 20.8% of its income from retail; it makes 11.6% from car parking, and about 11% from “other.” Like Heathrow, Gatwick would struggle without the car parking and the shopping, which made up about 32% of its income.


Challenging’ duty and tax free sector hits Gatwick per-pax retail income

19.11.2015 (Moodie Report)

By Martin Moodie

Gatwick financial 2015 retail

Buoyed by the busiest six months in the airport’s history with a record 23.5 million passengers (+4.7% year-on-year), Gatwick Airport posted a +5.2% rise in revenues to £411.8 million (US$626 million) for the half year ended 30 September 2015.

Combined with careful cost management, this resulted in a +6.8% rise in EBITDA to £241.0 million (US$367 million) and a pre-tax profit of £135.2 million (US$205.7 million) on a consolidated basis

Retail income rose +1.4% to £85.5 million (US$130.6 million) but, importantly, net income per passenger decreased by -3.0% to £3.60 (US$5.48) due to “challenging trading” in the duty free and tax free category. Income from duty free and tax free declined by -2.5% period-on-period.

The specialist shop category continued to perform well with per-passenger income broadly in line with traffic growth despite some impact from landside closures as a result of the North Terminal Development programme. Summer 2015 saw several new openings amid an ongoing revamp of the retail offer, including a new Boots store in the South Terminal while Simply Food was also updated in both terminals (a new store in North Terminal arrivals and an extended and modernised unit in the South Terminal).

“Where we have opened new or modernised stores, performance has been strong and we have delivered strong growth compared to last year,” the airport company said.


Food & drinks performed well. “Catering remains a particular highlight, where we have grown per passenger income by +2% compared to last year,” said the company. Summer 2015 saw several new openings, including Wondertree restaurant in the South Terminal departure lounge along with Wagamama in the North Terminal departure lounge. Landside the company opened a new Costa Coffee in both terminals.

“Passengers can look forward to some further development in this area as we open new restaurants in both terminals in the
second half of the year,” Gatwick Airport said.

Car parking income rose +7.4% and net income per passenger increased +11.9% to £1.60 (US$2.43) due to improved yield management, valet capacity increases and cost savings.

Gatwick Airport said that the mid-year results were “in line with expectations” as it continues to compete to attract new airlines and routes, invest in new facilities, and deliver an excellent service to passengers.

…………. and it continues with Stewart Wingate on why he wants a new runway. ….

….and there are more tables etc at




See also the Moodie report for 2014:

Gatwick’s retail income as a percentage of its total income (£123.2 cf. £538.9 million ) was 22.86% in 2013.

It was 22.76% in 2014.

Gatwick’s retail income as a percentage of its total income (£123.2 cf. £538.9 million ) was 22.86% in 2013.

It was 22.76% in 2014.


June 30, 2014Gatwick’s retail income still about 22% of total – around net £3.72 on retail sales + £1.35 on parking per passenger

The Moodie Report has published figures for the retail income of Gatwick airport in the year to 31st March 2014. Gatwick’s retail income rose 9.7% on the level in 2013, from £123.2 million to £135.1 million. By contrast their aeronautical income (aircraft landing charges etc) rose by 11.1% from £285.8 million to £317.4 million. There was a 4.8% increase in passengers, to about 36 million. Gatwick’s car parking income rose by 12.9%, from £58.1 million to £65.6 million. In the year to March 2014, Gatwick made on average £1.35 per passenger on parking.   It made, on average, £3.72 per passenger from retail sales. This was up by 4.2% from the level in 2013, but only up 2.7% on 2011. There is now even more retail space, with even more food and beverage facilities. In the year to March 2011 their retail income was £115.6 million and the net retail income was £3.62 per passenger. ie. barely changed over 3 years, (up 2.7%). And that’s a new World Duty Free store opened, and 33 other new stores opened in the past year. Net retail income per passenger at Heathrow was £5.98 in 2011, and about £6.21 in 2012.  For both  Heathrow and Gatwick, retail income is about 22% or so of income.



See earlier: 


Though Gatwick number of passengers is up 5.7% this year on 2014, the number of flights only up by 2.6%

Gatwick Area Conservation Campaign (GACC) says that use of larger planes, and with fewer empty seats, explained how Gatwick has a record-breaking 40 million passengers per year. Gatwick has been expanding its passenger numbers as fast as possible, in its bid to get another runway. The Airports Commission estimated, based on past trends, that it would not reach 40 million passengers per year for many more years. But Gatwick has not increased the number of air transport movements (flights) by much. While the number of passengers link in the 12 months to October 2015 is 5.7% higher than the previous 12 months, the number of flights was only 2.6% more. GACC said it is the number of landings and take-offs (air transport movements – ATMs)which create a need for a new runway, not just the number of passengers. The load factor (how full the plane is) is higher, with the figure is October 2015 being 85.3% compared to 82.2% in October 2012 or 81.7% in October 2013. GACC chairman Brendon Sewill said: “At this rate of growth Gatwick and Stansted and Luton won’t be full for at least fifty years!” In fact, Gatwick had more flights in 2007 than in 2014. There were about 256,000 ATMs in 2008, 259,000 in 2007 and 255,000 in 2014. The average number of seats per plane was about 180 in 2014 and about 174 in 2013. The average number of passengers per plane was about 151 in 2014 and about 145 in 2013.

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