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Pin to quick picksHeathrow6.45% S Regulatory News (88BX)

Share Price Information for Heathrow6.45% S (88BX)

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Business and traffic commentary August 2021

13 Sep 2021 07:00

RNS Number : 4836L
Heathrow
13 September 2021
 

Upcoming travel review key to securing UK's international competitiveness 

 

· Heathrow passenger numbers remain 71% down in August, versus the same month pre-pandemic, as the ever-changing restrictions, expensive and unnecessary testing requirements and lack of a common approach across borders continue to hinder the UK's economic recovery.

 

· From being the busiest airport in Europe in 2019, Heathrow is now 10th as rivals including Schiphol, Paris and Frankfurt are all recovering at a much quicker pace. These EU competitors also reached pre-pandemic cargo volumes at the end of 2020, while cargo at the UK's biggest port is still down 14%, compared to August 2019. The current traffic light system is an outlier and is delaying the Government's Global Britain ambitions, handing rivals a competitive advantage while the UK loses market share.

 

· The Government's Global Travel Taskforce is set to review the UK's travel regime in the coming weeks, and we urge Ministers to streamline the system to get travel levels and the economic activity safely back to pre-pandemic levels, otherwise the UK will continue to lose trade and face lower levels of foreign tourism, impacting jobs and slowing the UK's economic recovery.

 

· Heathrow's proposals, supported by major airlines and the wider travel and tourism industry, are for the Government to remove the amber list and create a safe but simple two-tier system - a green list and red list, retaining hotel quarantine. Ministers must recognise the success of the global vaccination programme and move from a country-based approach to a risk-based one, based on individuals' vaccination status. Fully vaccinated travellers should not be required to take a test, while those who are not vaccinated should continue to take a pre-departure and arrival test using lateral flow, following up with a PCR test if positive.

 

· As passenger numbers grow, Border Force must ensure they have adequate resources and processes in place to ensure travellers receive a warm welcome into the UK. Recent scenes of passengers waiting for hours to be processed through the UK border are totally unacceptable. Border Force can and should deliver both a secure UK border and an efficient service for passengers. 

 

Heathrow CEO, John Holland-Kaye said:

 

"The Government has the tools to protect the UK's international competitiveness which will boost the economic recovery and achieve its Global Britain ambitions. If Ministers fail to take this opportunity to streamline the travel rules then the UK will fall further behind as trade and tourists will increasingly by-pass the UK."

 

 

August 2021

Terminal Passengers(000s)

Aug 2021

% Change

Jan toAug 2021

% Change

Sep 2020 toAug 2021

% Change

Market

UK

198

120.0

834

-24.3

1,193

-56.3

EU

1,002

19.9

2,873

-53.7

4,715

-69.0

Non-EU Europe

190

4.7

623

-55.6

1,003

-69.1

Africa

86

189.1

526

-38.8

815

-59.8

North America

356

303.4

1,061

-69.5

1,442

-85.2

Latin America

56

482.2

146

-56.5

241

-69.5

Middle East

208

96.9

771

-59.6

1,325

-70.9

Asia / Pacific

137

74.2

759

-68.7

1,250

-79.6

Total

2,232

57.4

7,591

-57.2

11,984

-73.0

Air Transport Movements

Aug 2021

% Change

Jan toAug 2021

% Change

Sep 2020 toAug 2021

% Change

Market

UK

1,765

120.1

9,103

-17.6

13,215

-47.3

EU

8,708

5.6

32,323

-46.2

54,550

-57.4

Non-EU Europe

1,484

6.8

6,413

-49.8

10,574

-60.8

Africa

635

82.5

4,723

-2.8

7,324

-26.1

North America

2,779

43.9

19,090

-25.9

28,024

-47.3

Latin America

381

129.5

1,448

-27.9

2,403

-39.3

Middle East

1,462

50.6

9,721

-14.3

15,016

-31.0

Asia / Pacific

1,790

29.5

13,797

-17.5

21,738

-32.5

Total

19,004

24.7

96,618

-33.2

152,844

-49.2

Cargo(Metric Tonnes)

Aug 2021

% Change

Jan toAug 2021

% Change

Sep 2020 toAug 2021

% Change

Market

UK

39

339.0

164

-24.4

191

-54.3

EU

9,727

70.3

80,882

84.6

113,158

50.0

Non-EU Europe

5,401

68.3

44,264

83.9

66,251

53.7

Africa

4,900

17.2

51,062

26.8

79,966

13.0

North America

38,866

40.3

303,078

17.7

432,236

-2.1

Latin America

2,526

-5.1

13,372

-34.1

26,858

-29.1

Middle East

17,979

13.3

146,927

7.8

222,212

-1.6

Asia / Pacific

32,061

35.7

252,113

26.3

372,722

6.1

Total

111,500

34.4

891,862

23.5

1,313,594

5.4

 

 

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28th Jun 20227:08 amRNSHeathrow comment on CAA's H7 Final Proposal
23rd Jun 20227:00 amRNSPublication of Investor Report
13th Jun 20227:00 amRNSBusiness and traffic commentary May 2022
27th May 20224:00 pmRNSPublication of Final Terms
12th May 20229:13 amRNSDocuments Incorporated by reference
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26th Apr 20227:00 amRNS1st Quarter Results
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28th Jan 20227:08 amRNSPublication of Investor Report Update
11th Jan 20227:00 amRNSBusiness and traffic commentary December 2021
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