Regional & City Airports Group (RCA) has seen pre-tax profits soar to £14.24m from £1.31m on the back of a 20% rise in revenue following a 15% increase in passenger numbers and growing cargo volumes. 

RCA owns and operates Bournemouth, Exeter and Norwich Airports and holds a management contract for Solent Airport. The company also owns XLR Executive Jet Centres at Birmingham, Bournemouth, Exeter and Liverpool and is part of Rigby Group plc, the 12th largest family business in the UK, with a consolidated turnover of £3.5bn. 

In the year to 31 March 2024, RCA welcomed 1,755,000 passengers, an increase of 15% on the year before, and handled 19,000 tonnes of cargo. Total revenue increased 20% to £111m from £93m last time.

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 Highlights included passenger numbers increasing by 25% YoY at Bournemouth Airport, 3,000 tonnes of cargo being handled at Exeter and a rise in aircraft movement by 8% at XLR Centres.

RCA Chief Executive Andrew Bell said: “These results are a testament to the dedication of our team and the strategic investments we’ve made across our network. The significant growth in passenger numbers and cargo volumes underscores our commitment to providing world-class services and infrastructure. As we continue to expand our operations and embrace innovative solutions, we’re not only enhancing the travel experience but also reinforcing our position as a key player in the UK’s aviation sector.”