London Gatwick Airport has announced its financial results for 2022, with passenger demand at 70.4% of pre-pandemic levels, and 32.8 million passengers passing through the airport in the year ending 31 December 2022. The airport reported revenue at £776.6 million, driven by a strong and steady recovery in passenger numbers throughout 2022. London Gatwick also returned to a profit of £196.5 million in 2022, after over £830 million of losses from 2020 and 2021, with EBITDA at £446.3 million.
The airport has recognised the urgent need to make net zero a reality and 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.
