Heathrow Airport has released strong financial results for the six months to June 2017.
The airport posted a strong financial performance with revenue up 4.1% to £1,374 million and Adjusted EBITDA up 6.9% to £835 million reflecting, say Heathrow, renewed strengthening of retail momentum.
Passenger traffic boomed – up 3.9% to 37.1 million – as did cargo volumes – up 9.1% to 0.82 million tonnes.
During the period, Heathrow delivered record punctuality and baggage reliability and its highest Q2 Airport Service Quality score of 4.16 – and passenger charges fell 2.3%.
John Holland-Kaye, Chief Executive Officer of Heathrow, said: “Heathrow’s strong start to 2017 is a boon for Britain – our passengers are getting better value and service, more British trade is flying high on new trading links and our expansion plans are on track. The Government set us the challenge to expand Britain’s hub while keeping airport charges close to current levels. Working with airlines, we are making good progress to meet this challenge whilst delivering all our local commitments and the global connections our country needs.”