Edinburgh Airport profit £121m on turnover of £280m

Edinburgh Airport has posted a pre-tax profit of £121.7 million for 2023, up from £106 million in the previous year, as its turnover hit £280.7 million, up from £193.3 million the year before.

New York-based Global Infrastructure Partners (GIP) announced in April 2024 it agreed to sell a 50.01% stake in Edinburgh Airport to France’s Vinci Airports for £1.27 billion.

The remaining 49.99% interest in Edinburgh Airport will continue to be managed by GIP, which agreed in January to be bought by BlackRock, the world’s largest asset manager, in a deal worth $12.5 billion.

GIP bought Edinburgh Airport from BAA for £807 million in 2012.

“The airport’s recovery from the pandemic has been more rapid than anticipated with 2023 passenger numbers almost fully recovered on 2019 levels,” said Edinburgh Airport Limited.

“The volume recovery was particularly strong in the second half of the year where passenger numbers exceeded 2019 levels.

“The recovery has been led by strong demand for leisure and international travel, particularly long-haul.”