Heathrow revenue and core earnings jump as passenger numbers hit record high
Heathrow posted a jump in revenue and core earnings for the first nine months of the year as demand at the airport continued to grow.
For the nine months ended 30 September, revenue rose 4.1% to £2.1bn, while earnings before interest, tax, depreciation and amortisation were up 4.4% to £1.2bn.
Traffic in the period grew 2.3% to a record 56.9m passengers.
Chief executive officer John Holland-Kaye 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 the expansion.”
In July, an independent Airports Commission led by Sir Howard Davies gave the plans for an expansion at Heathrow the green light.
The plans are set to be debated by Cabinet later this year.