All time high for Heathrow

An all-time record of 60.5m passengers have travelled through Heathrow so far in 2018.

Trade flowing through Heathrow increased 1.5% to a record high of 1.3m tonnes, boosted in part by this year’s 5 new services to China. Airport revenues climbed 2.3% to £2,211 million despite a fall in average passenger charges on the back of higher demand to fly and strong retail spend – supporting an additional £555 million of investment into the airport.

Nearly £1.6 billion has been raised from global investors during 2018, withthe Airport recently adding a 7th currency with a debut Australian dollar issue. This financing lays the groundwork for entirely privately-funded expansion and builds Heathrow’s financial resilience ahead of Brexit, says the Airport.

The Airport says it continues progressing preparations for expansion. 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.”

This entry was posted in Heathrow. Bookmark the permalink.