Heathrow cargo vuloumes have surged 7%, reflecting the port’s importance to the UK’s economic future following the vote to leave the EU.
Heathrow welcomed 6.5 million passengers in October alongside a 7% surge in cargo volumes. Heathrow is Britain’s largest port, accounting for almost 30% of all UK exports by value outside the EU last year
Cargo growth was particularly strong to fast-growing markets in Latin America and East Asia (Mexico up 28%, China up 21% and Brazil up 18%). Trade with India, the world’s fastest growing large economy, also increased in October with cargo up 3.1%.
Emerging market passenger growth was also strong, with Mexico up 9.4%, East Asia up 2.8% and India up 2.1% – evidence that demand to fly from the UK’s front door remains strong
Larger, quieter and more efficient aircraft continued to be a driver for growth in passenger volumes which are up 0.5% year-to-date in 2016 as airlines deploy more and more new generation Airbus A380s, A350s and Boeing 787s at Heathrow.
Heathrow also confirmed that £50m of contracts would be issued before the end of 2017 immediately following the Government’s decision to allow another runway.
Heathrow CEO John Holland-Kaye said: “In October, the Prime Minister sent a clear message to the world that her Government would expand Heathrow, showing that Britain is open for business and confident in its future.
“With the support of communities across the UK, Heathrow is now working at pace to deliver the benefits of Britain’s new runway – an affordable plan that creates more jobs, boosts exporters and builds an economy that is stronger and fairer for everyone – as quickly as possible.”