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Pin to quick picksHeathrow6.45% S Regulatory News (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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END
 
 
MSCUUABRANUKAAR
Date   Source Headline
2nd Oct 202010:32 amRNSNo change in Heathrow Funding Ltd credit ratings
24th Sep 20205:36 pmRNSDocuments Incorporated by Reference
24th Sep 20205:28 pmRNSPublication of a Prospectus
11th Sep 20207:00 amRNSBusiness and traffic commentary August
2nd Sep 20206:01 pmRNSFormal Consultation with Trade Unions
11th Aug 20207:00 amRNSBusiness and traffic commentary July
29th Jul 20207:00 amRNSHalf Year Results
21st Jul 202011:20 amRNSNotice of Results
13th Jul 20208:48 amRNSBusiness and traffic commentary June
13th Jul 20207:00 amRNSBusiness and traffic commentary June
8th Jul 202012:19 pmRNSHeathrow Finance plc - Consent Solicitation Result
25th Jun 202011:05 amRNSHeathrow Finance credit rating update
16th Jun 20202:21 pmRNSPublication of Investor Report
16th Jun 20202:07 pmRNSConsent Solicitation - Heathrow Finance plc
11th Jun 20207:00 amRNSBusiness and traffic commentary May
2nd Jun 20208:05 amRNSHeathrow Funding Ltd credit ratings update
11th May 20207:00 amRNSBusiness and traffic commentary April
1st May 20207:00 amRNS1st Quarter Results
27th Apr 20208:55 amRNS1st Quarter Results
23rd Apr 202010:36 amRNSHeathrow Funding & Heathrow Finance outlook update
14th Apr 20207:00 amRNSBusiness and traffic commentary March
7th Apr 20208:00 amRNSFitch affirms Heathrow’s long-term credit ratings
2nd Apr 20209:37 amRNSHeathrow Finance’s credit outlook update
27th Mar 20208:00 amRNSHeathrow Funding Limited’s credit rating update
20th Mar 20207:00 amRNSHeathrow's Response to COVID-19
19th Mar 202012:10 pmRNSPublication of Final Terms
19th Mar 202012:10 pmRNSPublication of Final Terms
19th Mar 202012:05 pmRNSPublication of Final Terms
19th Mar 202011:59 amRNSPublication of Final Terms
16th Mar 20204:57 pmRNSDocuments incorporated by reference
16th Mar 20204:54 pmRNSPublication of Supplemental Prospectus
11th Mar 20207:00 amRNSBusiness and traffic commentary February 2020
26th Feb 20207:00 amRNSResults for the 12 months ended 31 December 2019
11th Feb 20207:01 amRNSBusiness and traffic commentary January 2020
30th Jan 202012:30 pmRNSNotice of Results
13th Jan 20207:01 amRNSBusiness and traffic commentary December 2019
23rd Dec 20195:29 pmRNSHeathrow plan for 2020s delivers lower airfares
20th Dec 20197:00 amRNSPublication of December 2019 Investor Report
18th Dec 20197:00 amRNSPublication of Investor Report
17th Dec 20192:16 pmRNSPublication of Final Terms
11th Dec 20197:01 amRNSBusiness and traffic commentary November 2019
15th Nov 20193:08 pmRNSPublication of a Prospectus
12th Nov 20194:13 pmRNSIssue of Debt
12th Nov 20198:36 amRNSOffer by Heathrow Finance
11th Nov 20197:01 amRNSBusiness and traffic commentary October 2019
25th Oct 20197:00 amRNS3rd Quarter Results
11th Oct 20197:01 amRNSBusiness and traffic commentary September 2019
9th Oct 20199:00 amRNSNotice of Results
11th Sep 20197:00 amRNSBusiness and traffic commentary August 2019
12th Aug 20197:01 amRNSBusiness and traffic commentary July 2019

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