2 MARCH 2015

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Article from BTNews 2 MARCH 2015

Heathrow 2014 figures

With lobbying still intense regarding the Aviation Commission and its report due in June, Heathrow Airport Ltd has been quick to announce its 2014 results.

The airport says that:

•    It was the busiest year ever with regard to passengers (73.4m up 1.4%) but that there has been no real growth with the number of flights.

•    Strong financial performance, revenue up 8.8% to £2.7bn and earnings before interest, taxes, depreciation and amortization (EBITDA) up 10.3% to £1.57bn.

•    Completed £11bn transformation programme with the successful opening of Terminal 2: The Queen’s Terminal, on time and on budget.

•    Moving into a more modest investment period, generating cash after capital investment and interest for the first time in over a decade.

•    With Heathrow full, Britain is falling behind in direct flights to growth markets – that is why calls for Heathrow expansion are growing from all parts of the UK.    www.heathrow.com

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