Stansted Facelift Targets Long-Haul Elite as Takeover Lifts MAG
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Manchester Airports Group plans to pitch its London Stansted low-cost hub to a host of long-haul carriers over the next 18 months in a bid to broaden the appeal of an asset that spurred first-half earnings 78 percent.
Operating profit at MAG, which owns Manchester, Stansted, East Midlands and Bournemouth airports, rose to 108.2 million pounds ($178 million) in the six months to Sept. 30 from 60.8 million pounds a year earlier, with the London terminal, bought on Feb. 28, contributing 31.5 million pounds of the gain.