Surging passenger and cargo demand at Heathrow Airport is expected to result in an upgrade to 2017 full year forecasts – a record 17.2 million passengers travelled through Heathrow alongside a 7.3% increase in cargo volumes in the first quarter of 2017.
The Airport says this comes alongside a drive for better value for its passengers, with airport charges falling by 2.2% in Q1 and the airport ranked as Europe’s best hub for the third consecutive year.
Revenues are up 2.0% to £655 million, operating cost per passenger down 2.9% and Adjusted EBITDA up 4.1% to £382 million.
The Airport also picked its recently launched sustainability strategy – Heathrow 2.0 – as a first quater highlight, saying it underscores Heathrow’s commitment to being an even better neighbour and driving innovation in the industry.
New Flybe services to Scotland have launched, driving more choice for passengers on domestic routes, and additional China Southern flights are set to boost Britain’s export capacity to China.
The third runway will allow up to 40 new long-haul connections, say the Airport, while commenting that delivery of the expansion is on-track and they intend to launch their first planning consultation later in 2017.
John Holland-Kaye, Chief Executive Officer of Heathrow, said: “When Heathrow succeeds, Britain benefits and 2017 is shaping up to be our best year ever. Our new domestic airline Flybe is already driving more choice for passengers on Scottish routes and surging trade is boosting jobs across Britain.
“Britain is plotting a new course in the world and expanding Heathrow is more important than ever to ensure its success. It will make our country the best connected in the world and secure our export-led future. We’re getting on with delivering it and look forward to opening Britain’s new runway in 2025.”