Menzies Aviation reports 10.7% revenue increase

Menzies Aviation
Menzies Aviation

UK-based Menzies Aviation has reported revenue of $2.2 billion (£1.8bn approx) for the last financial year, a 10.7% increase on the previous one.

The increase is partly due to the recovery of the aviation industry from the Global pandemic but also by Menzies Aviation increasing its footprint at existing and new airports worldwide.

During the last financial year, Menzies Aviation not only grew its global workforce by 6,000 but also continued its investment in electric ground equipment to 17% of its total equipment levels.

Menzies Aviation aims to have at least 25% of its equipment electric by 2025.

The Edinburgh headquartered company now provides ground-handling services in over 265 airports in 55 countries around the globe.

Hassan El-Houry, Executive Chairman, Menzies Aviation, said: “Our commitment to powering the global economy and delivering seamless aviation services is unwavering. With 45,000 dedicated individuals united by our vision and mission, we continue to prioritise safety, quality and security to maintain our leadership role in the industry. Our dedication stems from a belief that doing what’s right – for our business, our people, and the planet – is paramount. With a clear strategy for sustainable growth and a resilient mindset, we emerged from 2023 stronger, more agile, and better positioned to navigate the dynamic industry landscape, setting the stage for sustained growth and continued success in the years ahead.”

Philipp Joeinig, Group CEO, Menzies Aviation, added: “In 2023, our strong financial performance marks the culmination of three years of double-digit growth, propelling us to the forefront of our industry as the undisputed number one. We are outperforming the industry average in safety and leading the way on electrification. This success is a testament to our unwavering commitment to being customer and people-centric, driving innovation and excellence in all that we do. As we celebrate our achievements, we remain steadfast in our commitment to continued growth and delivering value to all stakeholders.”

During 2023, Menzies Aviation served more than 4.5 million flights, up from 4.1 million in 2022 an increase of 9.7 percent, and over 217 million airline passengers up 18.5 percent.

Cargo handling increased to 2 million tonnes up from 1.8 million in 2022.

About Nick Harding 1965 Articles
Nick is the senior reporter and editor at UK Aviation News as well as working freelance elsewhere. He has his finger firmly on the pulse on Aviation, not only in the UK but worldwide. Nick has been asked to speak in a professional capacity on LBC, Heart and other broadcast networks.

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