Heathrow sees record start to 2017
Increased passenger and cargo demand at Heathrow Airport is expected to result in an upgrade to 2017 full year forecasts, as a record 17.2 million passengers travelled through Heathrow - alongside a 7.3% increase in cargo volumes - in Q1.
Heathrow airport charges fell by 2.2% in Q1 and robust financial performance reflects continued improvement in costs and strong retail momentum. Revenue is up 2.0% to £655 million, operating cost per passenger down 2.9% and Adjusted EBITDA up 4.1% to £382 million.
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."