Heathrow to lift full-year forecasts on record passenger numbers
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Heathrow expects to upgrade its full year financial forecasts as it boasted a record number of passengers through its terminals at the start of the year and notched up a 2 per cent rise in revenues.
The UK’s main air hub said it was geared up for its “best ever year” after posting a 17.4 per cent climb in pre-tax profits to £27m in the three months ending in March. After a record passenger year in 2016, Heathrow said Q1 traveler numbers were up 2 per cent to 17.2m in the period, while adjusted ebidta grew 4 per cent. Revenues rose from £642m to £655m.
With Britain in the stages of leaving the EU over the next two years, chief executive John Holland-Kaye said “expanding Heathrow is more important than ever to ensure its success.”
“It will make our country the best connected in the world and secure our export-led future. We’re getting on with delivering it and look forward to opening Britain’s new runway in 2025″, he said.
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