Read us | Listen to us | Watch us | Join Live Events | Turn Off Ads | Live |

Click on your language to translate this article:

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

London Heathrow: Performance strong


London Heathrow Airport ands strong passenger growth – Demand to fly from the UK’s hub hit a record high of 38.8 million passengers (+1.8%) in H1 2019, underpinned by higher passenger satisfaction and increased investment

  • Award-winning service drives growth – Record-breaking passenger satisfaction saw the airport secure a place amongst the top 10 airports globally in the Skytrax awards, as well as 82% of passengers rating their experience as either “Excellent” or “Very Good”
  • Investing for the future – Heathrow has invested over £412 million to improve passenger experience, efficiency and resilience, including trials of security scanners which allow passengers to leave laptops and liquids in bags
  • Air Passenger Duty Reform – Heathrow supports the goal of net zero carbon by 2050. We are calling on the UN’s aviation body ICAO to set targets for the use of biofuels in aviation, as recommended by the Energy Transition Commission. We also call on the government to invest some of the nearly £4 billion annual revenue raised from Air Passenger Duty to scale-up production of sustainable fuels
  • Healthy financial performance – A 4.0% increase in Heathrow’s revenues to £1,461 million and increased EBITDA by 1.5% to £900 million. Adjusted profit before tax was also strengthened by lower net finance costs
  • Strong appetite to invest in Heathrow – £1.4 billion raised so far this year as we build a war chest to deliver the £14 billion privately funded north west runway
  • Expansion draft preferred masterplan unveiled – Heathrow unveiled its draft preferred masterplan for expansion – demonstrating how the airport will grow to over 140 million passengers by 2050, create tens of thousands of new skilled jobs and open up to 40 new long-haul trading links for Britain’s exporters. The airport has invited the public to provide further feedback on the plans which will be put into a final planning application in 2020

John Holland-Kaye, Chief Executive Officer of Heathrow, said:

​“2019 is shaping up to be a strong year for Heathrow – our colleagues are delivering an excellent service to passengers, we’re investing millions to improve the airport and secure new skilled jobs for the future and we’ve set out our plans to expand Britain’s hub airport sustainably and affordably. We support the goal of net zero carbon emissions by 2050, and are working to ensure that global aviation plays its part.”


At or for 6 months ended 30 June 2018 2019  Change (%)
(£m unless otherwise stated)      
Revenue 1,405 1,461 4.0
EBITDA(1) 887 900 1.5
Cash generated from operations 847 907 7.1
Adjusted profit before tax(2) 95 153 61.1
Heathrow (SP) Limited consolidated nominal net debt(3) 12,407 12,520 0.9
Heathrow Finance plc consolidated net debt(3) 13,980 14,145 1.2
Regulatory Asset Base(3) 16,200 16,420 1.4
Passengers (million)(4) 38.1 38.8 1.8
Retail revenue per passenger (£)(4) 8.62 8.75 1.5