The FINANCIAL — Heathrow delivered strong service and better value for passengers – record punctuality and baggage reliability supported its highest Q2 Airport Service Quality score of 4.16 – and passenger charges fell 2.3%.
New Flybe services and new long haul destinations like Portland and New Orleans enhance domestic connectivity and open new trading routes to British exporters, according to Heathrow.
Booming activity with all-time records in passenger traffic – up 3.9% to 37.1 million – and cargo – up 9.1% to 0.82 million tonnes.
Strong financial performance with revenue up 4.1% to £1,374 million and Adjusted EBITDA up 6.9% to £835 million reflecting renewed strengthening of retail momentum.
Over £1 billion in debt financing completed, enhancing resilience and simplifying Heathrow’s debt financing arrangements.
New partnership with Transport for London increases sustainable transport options for passengers with Crossrail serving all terminals from 2019.
Working with airlines, Heathrow is making good progress towards meeting the Government’s challenge to deliver expansion with airport charges close to current levels.
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.”