Heathrow Airport Sees  a Record Year So Far
Air Transport

Heathrow Airport Sees a Record Year So Far

60.5 million passengers and 1.3 million tonnes of cargo moved this year

TLME News Service

An all-time record of 60.5 million passengers have travelled through Heathrow so far in 2018 as the airport delivered better value and service.

Passenger charges fell 1% to £21.59 whilst 82% of passengers said they had an “Excellent” or “Very Good” experience at Heathrow.

With the launch of 5 new services to China trade flowing through Heathrow increased 1.5% to a record high of 1.3m tonnes.

Heathrow remains in strong financial health as revenues climbed 2.3% to £2,211 million on the back of higher demand to fly and strong retail spend – supporting an additional £555 million of investment into the airport.

Adjusted EBITDA climbed 1.9% to £1,372 million. Remaining competitive while continuing to expand seems to be a key priority.

In terms of investment nearly £1.6 billion was raised from global investors during first 9 months of 2018, recently adding a 7th currency with a debut Australian dollar issue.

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Attractive financing lays the groundwork for entirely privately-funded expansion and builds Heathrow’s financial resilience ahead of Brexit.

Initial ground surveys of surrounding land began in September.

With two further public consultations set for January and June 2019, Heathrow remains on-track to submit a planning application in 2020 and for the first flights to use the new runway in 2026.

John Holland-Kaye, Chief Executive Officer of Heathrow, said: “With the outcome of Brexit negotiations unknown, strong businesses like Heathrow must stand up to support Britain’s economy.

“We will expand Heathrow to boost Britain’s global trade for decades to come, and we are proud to protect Britain’s SMEs by maintaining our 30-day payment terms for all of our suppliers.

“No matter how small, suppliers should have confidence that they will be paid on-time for their services, and we call on other businesses to follow our lead.”

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Transport and Logistics ME