Record 38.8 million passengers travelled through Heathrow in first six months of 2019. It marked an increase of about two percent as against the previous year. The revenues soared by four percent to 1.4 billion pounds and earnings before interest, taxes, depreciation, and amortization (EBITDA) a measure of a Heathrow’s overall financial performance, increased by 1.5 percent to 900 million pounds.
Profit before tax dropped from 289 million pounds from the six months ended June 2018 to just 7 million pounds over the same period in 2019. As per Heathrow, the result also reflects the general weakness in the global market in 2019.
They expect volumes to remain relatively flat until the capacity constraints are resolved by expanding Heathrow. As per the airport, it had managed to raise a 1.4 billion pounds “war chest” to deliver the 14 billion pounds third runway.
As per John Holland-Kaye, Heathrow CEO, 2019 is shaping up to be a strong year for Heathrow. Their colleagues are delivering excellent service to passengers. They are investing millions to improve the airport and secure new skilled jobs for the future.
They have plans to expand Britain’s hub airport sustainably and affordably. They support the goal of net zero carbon emissions by 2050, and are working to ensure that global aviation plays its part.
Tags: Heathrow, John Holland-Kaye
