- Record passenger satisfaction and strong operational performance with Heathrow’s busiest days ever
- High demand to use Heathrow continues with 35.5 million passengers using the airport, up 1.3%
- Robust financial performance, revenue up 5.9% to £1.3 billion and EBITDA up 6.3% to £748 million
- Substantial global appetite to invest in Heathrow with over £1.1 billion funding raised in 2015
- Unanimous and clear recommendation from Airports Commission for Heathrow’s new North West runway plan
Six months ended 30 June | 2015 | 2014 | Change (%) |
(£m unless otherwise stated) |
|
|
|
Revenue | 1,307 | 1,234 | 5.9 |
Adjusted EBITDA(1) | 748 | 704 | 6.3 |
Cash generated from operations | 729 | 659 | 10.6 |
Cash flow after investment and interest(2) | 88 | (142) | n.m |
Pre-tax profit | 120 | 23 | n.m |
|
|
|
|
Heathrow (SP) Limited consolidated net debt(3) | 11,746 | 11,653 | 0.8 |
Heathrow Finance plc consolidated net debt(3) | 12,650 | 12,560 | 0.7 |
Regulatory Asset Base(3) | 14,870 | 14,860 | 0.1 |
|
|
|
|
Passengers (m)(4) | 35.5 | 35.1 | 1.3 |
Net retail income per passenger (4) | £6.67 | £6.42 | 3.9 |
Notes (1) to (4) see page 2.
John Holland-Kaye, Chief Executive Officer of Heathrow, said:
“Heathrow’s performance in the last six months has been excellent, improving service to passengers and controlling costs. The Airports Commission’s unanimous and clear recommendation to support Heathrow was warmly welcomed by business leaders and politicians from across the country and closed the debate on where a new runway should be built. Our focus now is on working closely with Government to deliver the benefits of expansion for all of the UK as quickly as possible.”
