Passengers increase by 2% as Heathrow sets 1st quarter record
A record 17.2 million passengers travelled through Heathrow in the first three months of 2017, marking a 2.2% increase and leading the airport to consider upgrading its full year forecasts.
Alongside the passenger surge, Heathrow also saw a staggering 7.3% increase in cargo volumes for the quarter. With both passenger numbers and cargo increasing, Heathrow recorded a robust financial performance as well, reflecting continued improvement in costs and strong retail momentum.
Revenue for the first quarter was up 2.0% to £655 million, with operating costs per passenger down 2.9% and Adjusted EBITDA up 4.1% to £382 million.
Heathrow continued to also drive better value for its passengers too, with airport charges falling by 2.2% in Q1 and the airport ranked as Europe’s best hub for the third consecutive year.
New routes and Heathrow 2.0
Heathrow continues to deliver for Britain’s economy with new Flybe services to Scotland launched, driving more choice for passengers on domestic routes, and additional China Southern flights announced which are set to boost Britain’s export capacity to China.
The airport has also launched a new world-class sustainability strategy, Heathrow 2.0, which underscores Heathrow’s commitment to being an even better neighbour and driving innovation in the industry
“2017 shaping up to be our best year ever”
With up to 40 new long-haul connections, an expanded Heathrow secures Britain’s export-led future. Delivery is on-track and Heathrow’s first planning consultation launches later this year.
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.”