Menzies Aviation has equipped three years of double-digit income growth as air scoot continues to edge nearer to pre-pandemic stages.
Reported in its 2023 Annual Overview & Sustainability Legend, the aviation companies and products provider delivered a sturdy monetary efficiency, with global income rising to $2.2 billion – a 10.7% amplify when put next with the outdated twelve months. The Neighborhood delivered EBITDA of $318m (post IFRS16), representing a 15% margin.
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This growth comes on the aid of an expanded global footprint and strategic partnerships in Serbia, Jamaica, India and Bulgaria which helped to propel regional growth, in conjunction with the worthwhile integration of 41 Nationwide Aviation Services (NAS) stations, following its 2022 merger.
In 2023, Menzies Aviation served more than 4.5 million flights (2022: 4.1 million), an amplify of 9.7 per cent, and over 217 million airline passengers (2022: 183 million), up 18.5 per cent. Cargo tonnes elevated to 2 million (2022: 1.8 million), and it also welcomed more than 1.8 million guests to its 36 Pearl lounges across the globe (2022: 660,000), an amplify of 173 per cent.
In 2023, it outperformed the alternate moderate for operational security efficiency, reaffirming its commitment to turning within the precise security culture within the alternate. Its airplane hurt fee modified into as soon as six instances lower than the alternate moderate reported by IATA, with factual 0.41 incidents per 10,000 turns, against an moderate of 6.2.
The 2023 Annual Overview & Sustainability Legend also reflects on the corporate’s progress against its All-In idea for an even and sustainable future. Key highlights of the 2023 Sustainability Legend include a reduction of its Scope 1 and Scope 2 emissions by 3,417 tonnes of CO2e when put next with the baseline twelve months 2022. When put next with 2019 pre-pandemic stages, right here’s a lower of roughly 26,000 tonnes of CO2e, which underlines its progress against its 50% reduction goal for 2030. It also equipped it’s heading within the correct path to attain its goal of 25% of electric Ground Strengthen Equipment (GSE), with plans to tempo up its electrification transition past that.
Hassan El-Houry, Govt Chairman of Menzies Aviation, said: “Our commitment to powering the worldwide economy and turning in seamless aviation companies and products is unwavering. With Forty five,000 devoted folk united by our vision and mission, we proceed to prioritise security, quality and security to assist our management objective within the alternate. Our dedication stems from a belief that doing what’s correct – for our industry, of us, and the planet – is paramount. With a definite technique for sustainable growth and a resilient mindset, we emerged from 2023 stronger, more agile, and better positioned to navigate the dynamic alternate landscape, surroundings the stage for sustained growth and persisted success within the years forward.”
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Philipp Joeinig, Neighborhood CEO of Menzies Aviation, added: “In 2023, our sturdy monetary efficiency marks the culmination of three years of double-digit growth, propelling us to the forefront of our alternate as the undisputed number 1. We are outperforming the alternate moderate in security and leading the formulation in electrification. This success is a testament to our unwavering commitment to being buyer and of us-centric, riding innovation and excellence in the entirety we gain. As we occupy an even time our achievements, we remain steadfast in our commitment to persisted growth and turning in fee to all stakeholders.”
