- Demand at Heathrow continues to grow with traffic up 2.3% to a record 56.9 million passengers
- Service quality well ahead of other European hubs during a record summer with five separate days where Heathrow welcomed over a quarter of a million passengers per day
- Robust financial results with revenue up 4.1% to £2.1 billion and EBITDA up 4.4% to £1.2 billion
- Continued focus on delivering operating efficiencies: successful consultation on pension changes has reduced costs, enabling continuation of final salary scheme
- Strong momentum for expansion. Heathrow is ready to get on quickly to deliver economic growth and jobs for Britain
John Holland-Kaye, Chief Executive Officer of Heathrow, said:
“Expansion at Heathrow fills the gap in the UK’s long-term economic plan, by connecting all of Britain to global growth.
“Today’s strong set of results demonstrates that we’re moving closer to our goal of giving passengers the best airport service in the world and that we’re well-placed to make the private investment to fund expansion. Let’s make it happen.”
Heathrow (SP) Limited owns Heathrow airport and together with its subsidiaries is referred to as the Group. Heathrow Finance plc, referred to as Heathrow Finance, is the parent company of Heathrow (SP) Limited.
Nine months ended 30 September
(£m unless otherwise stated)
Cash generated from operations
Cash flow after investment and interest(2)
Heathrow (SP) Limited consolidated net debt(3)
Heathrow Finance plc consolidated net debt(3)
Regulatory Asset Base(3)
Net retail income per passenger (4)
Notes (1) to (4) see page 2.