Heathrow Airport has had its busiest nine month period on record as 60.5 million passengers passed through the terminals and said lower charges and better service drove the figure.
The airport said passenger charges fell one per cent to £21.59 whilst 82 per cent of passengers said they had an “Excellent” or “Very Good” experience at Heathrow.
Heathrow said it is also delivered ‘robust financial performance’ and it remains in strong financial health as revenues climbed 2.3 per cent to £2,211 million on the back of higher demand to fly and strong retail spend – supporting an additional £555 million of investment into the airport.
Remaining competitive as it expand continues to be a key priority, with operational charges increasing only slightly after investments to boost resilience, security and service in 2018.
Global appetite to invest in Heathrow stronger than ever – Nearly £1.6 billion raised from global investors during 2018, recently adding a 7th currency with a debut Australian dollar issue. Attractive financing the airport said lays the groundwork for entirely privately-funded expansion and builds Heathrow’s financial resilience ahead of Brexit.
Heathrow is pushing to be a carbon-neutral airport by 2020 and its aim is to be carbon-neutral by 2020, Heathrow launched the first in a series of peatland restoration projects. The site in Lancashire will trap nearly 23,000 tonnes of CO2 over 30 years – equivalent to nearly 64,000 passenger journeys from Heathrow to New York. The project comes as Terminal 2 became one of the first terminals in the world to be powered by 100 per cent renewable energy.
The airport has also started ground surveys for expansion begin. Progress continues in delivering expansion. Initial ground surveys of surrounding land began in September. With two further public consultations set for January and June 2019, Heathrow remains on-track to submit a planning application in 2020 and for the first flights to use the new runway in 2026.
Heathrow Airport chief executive officer, John Holland-Kaye said: “With the outcome of Brexit negotiations unknown, strong businesses like Heathrow must stand up to support Britain’s economy. We will expand Heathrow to boost Britain’s global trade for decades to come, and we are proud to protect Britain’s SMEs by maintaining our 30-day payment terms for all of our suppliers.
“No matter how small, suppliers should have confidence that they will be paid on-time for their services, and we call on other businesses to follow our lead.”