Published on : Thursday, May 2, 2019
Record 17.9 million passengers passed through Heathrow in the first three months of 2019. Its first quarter pre-tax profits soared by 72 per cent to 57 million pounds. During this period the new routes to Newquay, Chengdu, Osaka, Phoenix, Pittsburgh and Charleston were introduced.
Overall revenues remained steady over the same period last year, down by 1 million pounds to at 679 million pounds, following higher retail spending.
Heathrow is set to invest almost 1 billion pounds over the coming year to prepare it for the future growth. The airport aims to add up to 40 new long-haul services with an additional runway.
A detailed preferred master plan for public consultation is expected to be released in June following consultation on modernising the airspace around Heathrow.
AS per Chief executive John Holland-Kaye 2019 is an important year for Heathrow and it will define Britain’s global connectivity for decades to come.
He said: “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 and excited about building a bigger and better hub airport for Britain.”
Robust financial health enables them to access funding that is competitively priced which ultimately results in lower passenger charges. The airport charges dropped by 2.4 per cent – to 22.13 pounds per passenger, during this period.