in Aerospace

Heathrow lands record Q1 performance

Posted 1 May 2019 · Add Comment

Heathrow achieved its 29th consecutive month of growth, welcoming a record 17.9 million passengers in Q1 2019.



Passenger satisfaction reached new highs with Terminal 5 beating international competition to be crowned the best airport terminal in the world at the annual Skytrax awards.

With its airport charges declining 2.4% to £22.13 per passenger, 82.6% of passengers said they had an “Excellent” or “Very Good” experience at Heathrow
       
Over 210 global destinations are now connected via a direct flight from Heathrow after the Newquay, Chengdu, Osaka, Phoenix, Pittsburgh and Charleston routes launched in Q1.

Higher retail spending resulted in £679 million in overall revenues and Adjusted EBITDA increasing by 1% to £406 million. Also, Heathrow's robust financial health has enabled it to access competitively priced funding which ultimately results in lower passenger charges, demonstrated by successful returns to both the EUR and CHF markets and multiple private placements by global investors.

Heathrow is now preparing to unveil its detailed preferred masterplan for public consultation in June, as its wish to build a controversial third runway remains a possibility following the High Court rejecting a legal challenge against it earlier today.

John Holland-Kaye, Chief Executive Officer of Heathrow, said: “Twenty-nineteen is an important year for Heathrow as we put in place the building blocks that will define Britain’s global connectivity for decades to come.

"With passengers continuing to choose Heathrow in record numbers, the strong backing of global investors and a credible plan to expand responsibly, we’re ramping up for growth.”

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

UK joins AIR Centre to develop space tech and tackle climate change

Researchers will benefit from new international partnerships with 15 countries as part of the Atlantic International Research (AIR) Centre, thanks to a new agreement signed yesterday.

UK and Sweden partner on future combat air

Defence Secretary Penny Mordaunt and her Swedish counterpart Peter Hultqvist sign a landmark agreement to partner on future combat air

Airbus to run MoD’s land C4ISR test centre

Airbus has agreed a five-year contract with the UK Ministry of Defence (MoD) to manage test and reference services to support the delivery and assured release of Command, Control, Communications, Computers, Intelligence,

DSA sees WIZZ Air launch Chisinau service

WIZZ Air today announced a new twice-weekly flight to Chisinau, Moldova taking off from Doncaster Sheffield Airport (DSA) from 20th December.

UK and NASA to work on future Moon missions

The UK and US space agencies have signed a statement of intent, which paves the way for UK commercial satellite communication and navigation services to be used by future NASA missions to the Moon, which was announced in a speech from

EAN inflight broadband reaching full roll out

Developed by Inmarsat and Deutsche Telekom (DT) in partnership with leading European companies such as Thales, Nokia, Airbus, Cobham and EAD Aerospace, Europe’s fastest aviation connectivity solution, the European Aviation

See us at
DSEI JP BT1605201119SMI FAV BT1006141119SMI GMS BT1906071119VIDSE BT1605060320ADSS1000DBT1706171019SMI ActiveP BT1206121119