Heathrow revenue moves up

A “strong financial performance” in the first half of 2016 with revenue up by 1% to £1,320m and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) up by 4.4% to £781m was reported by Heathrow last week. The airport said the EBITDA figure reflected “lower costs and better value”.

CEO John Holland-Kaye linked the results to the fact Heathrow had just been named the best major airport in Europe for the third time. “I am very proud of the work our colleagues do every day while giving better value to passengers,” he added. 

“As the UK’s biggest port, we are supporting businesses from every corner of Britain to get their products to global markets, with cargo volumes up by almost 2%.”

Holland-Kaye went on: “Now Britain needs a positive post-Brexit plan and only Heathrow expansion will help Britain to be one of the world’s leading trading nations – connecting all of Britain to global growth. 

“Heathrow has a new plan for expansion, allowing the prime minister to make the right choice in the national interest.”

The figures also showed 35.7m passengers used Heathrow in the first six months, little changed from the previous total, while cargo volumes rose by 1.7%.

www.heathrow.com

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David Starkie, United Kingdom

Hope the "new plan" is for a shorter runway than the previous mega proposal of 3,500m with its complications of bridging the M25. If the runway is as vital as suggested a shorter runway would reduce the construction period. Heathrow's proposal for the length of an extra runway have grown like Topsy over the years with no justification offered.