Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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

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

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 107.075
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 4.85 (4.634%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 107.075
88BX Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Business and traffic commentary March

14 Apr 2020 07:00

RNS Number : 4718J
Heathrow
14 April 2020
 

07.00 14th April 2020

 

Heathrow serves as vital airbridge for the UK amid COVID crisis

 

§ In March passenger numbers shrunk by 52% compared to the same time last year, as the UK entered lockdown. Many of the 3m journeys made were repatriations, following travel restrictions across markets as well as the FCO's advice against all but essential travel.

 

§ Situation is expected to continue as initial forecasts show passenger demand in April is set to decrease by over 90%, with lasting and significant industry-wide effects predicted. In line with these forecasts, Heathrow moved to single runway operations on April 6th, and over the coming weeks will consolidate operations into Terminals 2 and 5 only. The move will protect long-term jobs at the airport by reducing operating costs, helping Heathrow to remain financially resilient.

 

§ Heathrow is now using its available capacity to prioritise cargo flights with medical supplies. The airport is well-placed to receive time-critical and temperature-sensitive medical supplies, such as ventilators, medicines and COVID-19 testing kits.

 

§ Busiest day for cargo only flights was 31st March 2020, with 38 dedicated cargo movements in just one day. During normal operations, Heathrow usually handles an average of 47 cargo only movements a week. Last year, Heathrow handled 41% of the UK's pharmaceutical imports.

 

§ Overall cargo volumes were impacted by grounded passenger fleets. During normal operations, 95% of cargo usually travels in the belly hold of passenger planes, a model which makes air freight more profitable for airlines and airports alike. However, over 100,000 metric tonnes of cargo still travelled through the airport in March, down 32.5% compared to the same time last year.

 

§ Last week, Heathrow donated 6,000 face masks to NHS teams working at Thames Valley Air Ambulance and Hillingdon Hospital. The airport has also provided educational resources to local schools and has redeployed Heathrow Community Rangers to assist with delivering donations to local food banks.

 

§ Glasgow-based airline Loganair flew from the UK's only hub airport for the first time in its 58 year history. The airline will be operating from Heathrow on an interim basis following the closure of London City Airport to maintain vital connections between the capital and the Isle of Man. Heathrow is Britain's only remaining air link to Belfast, with the airport serving as a vital airbridge to Northern Ireland during the pandemic.

 

§ Heathrow is working closely with Public Health England to implement measures to ensure passenger safety. These measures include the provision of hundreds of hand sanitiser dispensers, additional cleaning and sanitation procedures as well as signage and floor stickers to remind passengers to socially distance. Our colleagues are also on hand to help manage the queues and ensure safe and adequate spacing between passengers.

 

§ Heathrow is ready to work with Government and industry on science & research to develop measures for rapid health screening of passengers prior to travel. The airport is looking to develop processes which will help provide future passengers peace of mind when flying, but wants to ensure there is an international consensus for common measures - so the benefits of global travel can be realised to support the economic and social recovery from Covid-19.

 

Heathrow CEO John Holland-Kaye said:

 

"Heathrow continues to serve the nation by keeping vital supply lines open, and helping people get home. Now is the time to agree a common international standard for healthcare screening in airports so that when this crisis recedes, people can travel with confidence and we can get the British economy moving again."

 

Traffic Summary

 

March 2020

 

Terminal Passengers(000s)

Mar 2020

% Change

Jan toMar 2020

% Change

Apr 2019 toMar 2020

% Change

Market

UK

207

-47.2

914

-12.0

4,715

-0.4

EU

875

-60.5

4,582

-22.3

26,150

-5.7

Non-EU Europe

218

-55.3

1,080

-18.9

5,441

-4.8

Africa

190

-37.5

785

-11.8

3,409

0.1

North America

711

-51.7

3,217

-16.2

18,214

-0.4

Latin America

85

-25.5

306

-10.7

1,346

-1.5

Middle East

352

-41.1

1,617

-8.5

7,600

0.5

Asia / Pacific

469

-50.3

2,147

-24.2

10,720

-7.2

Total

3,107

-52.4

14,648

-18.3

77,595

-3.4

 

Air Transport Movements

 Mar 2020

% Change

Jan toMar 2020

% Change

Apr 2019 toMar 2020

% Change

Market

UK

2,234

-27.7

8,816

4.4

41,104

8.7

EU

10,708

-39.1

41,635

-15.4

201,706

-5.1

Non-EU Europe

2,426

-38.1

9,549

-13.5

42,074

-4.1

Africa

951

-29.4

3,508

-11.1

14,790

0.3

North America

4,697

-30.7

17,476

-8.8

81,720

-1.3

Latin America

440

-14.2

1,399

-8.0

5,882

-3.5

Middle East

1,823

-28.4

6,935

-7.1

30,048

-1.5

Asia / Pacific

2,519

-38.3

9,648

-19.0

44,810

-5.7

Total

25,798

-35.3

98,966

-12.2

462,134

-2.9

 

Cargo(Metric Tonnes)

Mar 2020

% Change

Jan toMar 2020

% Change

Apr 2019 toMar 2020

% Change

Market

UK

49

7.3

142

-4.9

579

-26.7

EU

6,001

-30.9

18,825

-18.4

90,158

-14.0

Non-EU Europe

2,315

-54.6

8,622

-40.0

51,255

-13.1

Africa

6,122

-29.4

20,158

-15.7

89,587

-3.5

North America

38,556

-31.8

128,859

-16.3

539,931

-12.1

Latin America

3,792

-28.6

11,215

-19.0

51,728

-4.9

Middle East

17,701

-17.2

57,738

-4.7

256,222

0.4

Asia / Pacific

26,321

-39.7

87,050

-26.5

432,359

-15.2

Total

100,857

-32.5

332,610

-18.5

1,511,819

-10.6

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDFXLLFBZLFBBV
Date   Source Headline
6th Nov 20153:43 pmRNSPublication of Supplement to Base Prospectus
28th Oct 20157:00 amRNSResults for nine months ended 30 September 2015
12th Oct 20157:00 amRNSBusiness and traffic commentary September 2015
10th Sep 20157:00 amRNSHeathrow traffic and business commentary
11th Aug 20157:00 amRNSTraffic and business commentary July 2015
24th Jul 20157:00 amRNSHeathrow Half Year Financial Results
23rd Jul 20157:00 amRNSNotice of Results on Friday 24 July 2015
13th Jul 20157:00 amRNSTraffic and business commentary June 2015
1st Jul 20157:06 amRNSAirports Commission recommends Heathrow
26th Jun 20157:00 amRNSPublication of Investor Report
11th Jun 20157:00 amRNSTraffic and business commentary May 2015
1st Jun 20157:00 amRNSHeathrow welcomes new Chief Financial Officer
26th May 20151:50 pmRNSPublication of Final Terms
12th May 20155:34 pmRNSHeathrow places CAD500 million 10 year bond
11th May 20157:00 amRNSTraffic and business commentary April 2015
24th Apr 20157:01 amRNS1st Quarter Results
15th Apr 201511:15 amRNSNotice of Results
13th Apr 20157:00 amRNSTraffic and business commentary March 2015
13th Mar 20154:35 pmRNSPublication of Prospectus Supplement
11th Mar 20157:00 amRNSHeathrow traffic figures February 2015
23rd Feb 20157:00 amRNSFinal Results
12th Feb 20158:30 amRNSHeathrow appoints Chief Financial Officer
11th Feb 20154:31 pmRNSPublication of Final Terms
11th Feb 20157:00 amRNSTraffic and business commentary January 2015
10th Feb 20154:03 pmRNSStabilisation Notice
5th Feb 20157:30 amRNSNotice of Results
3rd Feb 20153:28 pmRNSHeathrow places EUR750 million 15 year bond
3rd Feb 20158:27 amRNSPre Stabilisation Notice
12th Jan 20157:00 amRNSTraffic and business commentary December 2014
18th Dec 20149:44 amRNSSale of Aberdeen, Glasgow and Southampton complete
16th Dec 20144:00 pmRNSPublication of Prospectus
16th Dec 20144:00 pmRNSHalf year unaudited financial results
12th Dec 20147:00 amRNSPublication of Investor Report
11th Dec 20147:00 amRNSHeathrow traffic and business commentary Nov 2014
5th Dec 201410:00 amRNSDates for Investor Report and Full Year Results
11th Nov 20147:00 amRNSHeathrow traffic and business commentary October
3rd Nov 20147:00 amRNSRevolving credit & liquidity facilities refinanced
29th Oct 20147:00 amRNSResults for nine months ended 30 September 2014
16th Oct 20142:57 pmRNSSale of Aberdeen, Glasgow and Southampton Airports
16th Oct 20147:00 amRNSPublication of Heathrow Finance plc Prospectus
16th Oct 20147:00 amRNSPublication of Documents Incorporated by Reference
14th Oct 20149:35 amRNSNotice of Results on Wednesday 29 October 2014
13th Oct 20147:00 amRNSHeathrow traffic and business commentary September
8th Oct 20147:04 amRNSHeathrow Finance plc places £250 million bond
1st Oct 20147:02 amRNSHeathrow Chief Financial Officer to stand down
11th Sep 20147:00 amRNSHeathrow traffic and business commentary August 20
27th Aug 20147:00 amRNSFinal Terms
11th Aug 20147:01 amRNSHeathrow traffic and business commentary July 2014
6th Aug 201412:01 pmRNSFinal Terms
29th Jul 20142:11 pmRNSFinal Terms Omnibus

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.