Heathrow continues strong performance for 2017

Second-quarter results for 2017 have been released by Heathrow Airport which reveal record punctuality, a reduction in passenger charges of 2.3% and its highest Q2 Airport Service Quality score of 4.16. Domestic connectivity has been enhanced with Flybe’s new services and the introduction of new long-haul destinations such as Portland and New Orleans.
Passenger traffic was up 3.9% to 37.1 million, while cargo also performed well, showing a 9.1% increase at 0.82 million tons. Revenue was also up, showing a 4.1% increase at £1,374 million (US$1,800 million), while Adjusted EBITDA up 6.9% to £835 million (US$1,093 million).
Heathrow also saw over £1 billion (US$1.31 billion) in debt financing completed, simplifying the airport’s debt financing arrangements. The airport has created a new partnership with Transport for London, which will increase sustainable transport options for passengers, with Crossrail serving all terminals from 2019
According to John Holland-Kaye, Chief Executive Officer of Heathrow: “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.”