Menzies Aviation Achieves $2.6 Billion in Global Revenue Milestone

menzies Aviation, a top player in airport and airline services, has just reported an extraordinary performance for 2024, marking its fourth year of significant revenue growth.

According to the 2024 Annual Review & Sustainability Report, this aviation service provider saw a remarkable 20% increase in global revenue, reaching $2.6 billion. This surge is attributed to both existing market expansions and new ventures.

The company also boasted a solid EBITDA of $382 million (post IFRS16), reflecting a healthy margin of 15%. This financial strength not only supports investments in technology and training but also reassures clients about Menzies’ reliability as a long-term partner.

This extraordinary growth cements Menzies’ position as an industry frontrunner and sets the stage for future opportunities as more airlines opt for their services due to their stellar safety record and high-quality offerings.

Strategic agreements in locations like Portugal, Hong Kong, Angola, and Malaysia have expanded Menzies’ reach to over 300 airports across 65 nations.

The company’s success stories include notable expansions into established markets such as Serbia and Spain that highlight its effective partnerships.

Menzies managed upwards of 4.8 million flights last year (up from 4.5 million), catering to over 250 million passengers compared to the previous year’s count of 217 million.

The firm’s investments in air cargo facilities alongside innovative technologies allowed it to handle an impressive volume of cargo—2.4 million tonnes this past year versus two million previously. The introduction of its Pearl Elevated Travel brand enhanced service offerings significantly by attracting around 2.8 million guests across its lounges while Air Menzies International continued thriving with a notable tonnage growth rate of 16% year-on-year.

menzies is also making strides toward achieving its environmental goals with ongoing initiatives aimed at reducing emissions aligned with their ambitious Net-Zero target set for 2045—showing that they can grow sustainably while expanding operations.

• Pioneered net-zero targets approved by the Science Based Targets initiative among major aviation service providers
• Aiming for electric Ground Support Equipment (GSE) comprising at least one-quarter by next year; currently at about 22%
• A second consecutive drop in voluntary staff turnover rates by another five percent this past year—now well below pre-pandemic levels
• Achieved gender parity goals with women holding one-quarter of senior leadership roles per IATA’s campaign
• Dropped over USD $388k into lasting advancement projects through community initiatives led by local teams

“This has been an extraordinary year,” said Hassan El-Houry, Executive Chairman at Menzies Aviation. “With double-digit growth reflected not just in our financials but also through record numbers in flights served and cargo handled—we’re proud leaders delivering top-notch aviation services while maintaining rigorous safety standards.” He added that passenger traffic is projected to exceed five billion globally soon—with aspirations set on becoming the premier aviation service provider worldwide.”

“Our strategic expansion has been crucial,” noted Philipp Joeinig, Group CEO at Menzies Aviation. “Since we began focusing on building strong relationships with airline customers and airport partners four years ago—the number we serve has jumped significantly: up by forty-one percent! our commitment towards sustainability was recognized when we became pioneers having our net-zero targets validated.” He expressed excitement about continuing this journey towards industry leadership together moving forward.”