Heathrow: Limited Results for the nine months ended 30 September 2013:
- Adjusted EBITDA up 22.1% funding record rate of investment at Heathrow.
- Strong passenger satisfaction and traffic performance, up 3.6% to 54.8 million passengers.
- Terminal 2: The Queens Terminal is on track. Operational trials begin in November, first flight in June 2014.
- Formal response to CAA Final Proposals for next regulatory period due by 4 November.
Colin Matthews, Chief Executive Officer of Heathrow, said:
“Strong passenger satisfaction and passenger numbers have driven strong growth in cash flows, funding current investment of almost £4 million a day in improving the airport for passengers and airlines. But progress is jeopardised by the CAA? final proposals for Q6, which reduce returns to below the level at which Heathrow? shareholders have said they are willing to invest. We are now carefully considering our investment plans before responding to the CAA.”
Click here to read the original press release: Limited Results for the nine months ended 30 September 2013
