Heathrow airport third quarter results
Heathrow delivered strong service and better value for passengers achieving a record Q3 Airport Service Quality score of 4.14 while passenger charges fell 2.1%.
Passenger traffic grew 3.1% to 59.1 million and cargo increased 10.5% to 1.25 million tonnes.
Increased travel demand and continued progress on the regulator’s cost control objectives resulted in revenues increasing 3.2% to £2,161 million and Adjusted EBITDA up 5.7% to £1,347 million.
Job creation
Over 120 sites across Britain have bid to become logistics hubs and help build an expanded Heathrow as the airport looks to promote more affordable and sustainable offsite manufacturing while driving job creation outside the South East.
Heathrow expansion
Expansion plans are progressing well, with the Government confirming a parliamentary vote by the end of June 2018, and Heathrow responding to the CAA’s enquiry on the regulatory framework of the expansion.
John Holland-Kaye, Chief Executive Officer of Heathrow, said:
“A strong performance over the summer – record numbers of passengers visiting Britain, double-digit growth in exports, strong global investor support and better service and value for passengers – shows what a critical national asset Heathrow has become.”
“Heathrow expansion is not a choice between the economy and the environment – it must deliver for both. In post-Brexit Britain, it will connect our whole country to the global growth markets of tomorrow and a robust package of environmental commitments will help us expand responsibly. We are now getting on with delivering it.”
Passenger Increase at Glasgow Airport
Regarding Glasgow Airport, the airports has recorded its busiest September on record after more than 972,900 people travelled through its doors, representing a 4.1% increase on last year’s passenger numbers.
