The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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: 106.00
Bid: 103.25
Ask: 108.75
Change: 0.125 (0.12%)
Spread: 5.50 (5.327%)
Open: 106.25
High: 106.25
Low: 105.875
Prev. Close: 105.875
88BX Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Heathrow imposes capacity cap until 11 Sept

12 Jul 2022 10:53

RNS Number : 1649S
Heathrow
12 July 2022
 

Heathrow imposes capacity cap of 100k daily departing passengers until 11 September to provide better, more reliable summer journeys

 

 

In an open letter to passengers on the capacity cap, Heathrow CEO John Holland-Kaye said:

 

"The global aviation industry is recovering from the pandemic, but the legacy of COVID continues to pose challenges for the entire sector as it rebuilds capacity. At Heathrow, we have seen 40 years of passenger growth in just four months. Despite this, we managed to get the vast majority of passengers away smoothly on their journeys through the Easter and half term peaks. This was only possible because of close collaboration and planning with our airport partners including airlines, airline ground handlers and Border Force.  

 

"We started recruiting back in November last year in anticipation of capacity recovering this summer, and by the end of July, we will have as many people working in security as we had pre-pandemic. We have also reopened and moved 25 airlines into Terminal 4 to provide more space for passengers and grown our passenger service team.  

 

"New colleagues are learning fast but are not yet up to full speed. However, there are some critical functions in the airport which are still significantly under resourced, in particular ground handlers, who are contracted by airlines to provide check-in staff, load and unload bags and turnaround aircraft. They are doing the very best they can with the resources available and we are giving them as much support possible, but this is a significant constraint to the airport's overall capacity. 

 

"However, over the past few weeks, as departing passenger numbers have regularly exceeded 100,000 a day, we have started to see periods when service drops to a level that is not acceptable: long queue times, delays for passengers requiring assistance, bags not travelling with passengers or arriving late, low punctuality and last-minute cancellations. This is due to a combination of reduced arrivals punctuality (as a result of delays at other airports and in European airspace) and increased passenger numbers starting to exceed the combined capacity of airlines, airline ground handlers and the airport. Our colleagues are going above and beyond to get as many passengers away as possible, but we cannot put them at risk for their own safety and wellbeing.  

  

"Last month, the DfT and CAA wrote to the sector asking us all to review our plans for the summer and ensure we were prepared to manage expected passenger levels safely and minimise further disruption. Ministers subsequently implemented a slot amnesty programme to encourage airlines to remove flights from their schedules with no penalty. We held off putting additional controls on passenger numbers until this amnesty process concluded last Friday and we had a clearer view of the reductions that airlines have made.  

 

"Some airlines have taken significant action, but others have not, and we believe that further action is needed now to ensure passengers have a safe and reliable journey. We have therefore made the difficult decision to introduce a capacity cap with effect from 12 July to 11 September. Similar measures to control passenger demand have been implemented at other airports both in the UK and around the world.  

  

"Our assessment is that the maximum number of daily departing passengers that airlines, airline ground handlers and the airport can collectively serve over the summer is no more than 100,000. The latest forecasts indicate that even despite the amnesty, daily departing seats over the summer will average 104,000 - giving a daily excess of 4,000 seats. On average only about 1,500 of these 4,000 daily seats have currently been sold to passengers, and so we are asking our airline partners to stop selling summer tickets to limit the impact on passengers.  

  

"By making this intervention now, our objective is to protect flights for the vast majority of passengers at Heathrow this summer and to give confidence that everyone who does travel through the airport will have a safe and reliable journey and arrive at their destination with their bags. We recognise that this will mean some summer journeys will either be moved to another day, another airport or be cancelled and we apologise to those whose travel plans are affected.  

  

"The airport will still be busy, as we are trying to get as many people away as possible, and we ask you to bear with us if it takes a little longer to check in, go through security or collect your bag than you are used to at Heathrow. We ask passengers to help, by making sure they have completed all their COVID requirements online before they come to the airport, by not arriving earlier than 3 hours before their flight, by being ready for security with laptops out of bags and liquids, aerosols and gels in a sealed 100ml plastic bag, and by using e-gates in immigration where eligible. We are all recruiting as fast as we can and aim to return to the excellent service you should expect from the UK's hub airport as soon as possible."  

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUUVWRUAUBARR
Date   Source Headline
23rd Feb 20237:00 amRNSHeathrow SP Limited - FY 2022 Results
13th Feb 20234:55 pmRNSNotice of Results
13th Feb 20237:00 amRNSBusiness and traffic commentary Jan 2023
2nd Feb 20239:00 amRNSAnnouncement on CEO of Heathrow
11th Jan 20237:00 amRNSBusiness and traffic commentary Dec 2022
16th Dec 20227:00 amRNSPublication of December 2022 Investor Report
12th Dec 20227:00 amRNSBusiness and traffic commentary Nov 2022
25th Nov 20222:58 pmRNSDocuments Incorporated by Reference
25th Nov 20222:51 pmRNSPublication of a Prospectus
11th Nov 20227:00 amRNSBusiness and traffic commentary Oct 2022
26th Oct 20227:00 amRNS3rd Quarter Results
18th Oct 20227:00 amRNSNotice of Results
11th Oct 20227:25 amRNSBusiness and traffic commentary September 2022
12th Sep 20227:00 amRNSBusiness and traffic commentary August 2022
30th Aug 20223:27 pmRNSInterest Step-Up Termination Notice
15th Aug 20223:49 pmRNSCapacity Cap Extension
11th Aug 20227:00 amRNSBusiness and traffic commentary July 2022
9th Aug 20222:25 pmRNSPublication of Final Terms
26th Jul 20224:00 pmRNSDocuments incorporated by reference
26th Jul 20223:43 pmRNSPublication of Suppl.Prospcts
26th Jul 20227:00 amRNSHalf Year Results
12th Jul 202210:53 amRNSHeathrow imposes capacity cap until 11 Sept
12th Jul 20227:00 amRNSNotice of Results
11th Jul 20227:00 amRNSBusiness and traffic commentary June 2022
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
12th May 20229:13 amRNSPublication of Suppl.Prospcts
10th May 20227:00 amRNSBusiness and traffic commentary April 2022
26th Apr 20227:00 amRNS1st Quarter Results
11th Apr 20225:00 pmRNSNotice of Results
11th Apr 20227:00 amRNSBusiness and traffic commentary March 2022
6th Apr 20229:00 amRNSHeathrow appoints Mark Brooker to its Board
11th Mar 20227:00 amRNSBusiness and traffic commentary February 2022
24th Feb 20225:22 pmRNSHeathrow Funding Ltd credit ratings update
23rd Feb 20227:00 amRNSHeathrow SP Limited - FY2021 results
11th Feb 20227:00 amRNSBusiness and traffic commentary Feb 2022
28th Jan 20227:08 amRNSPublication of Investor Report Update
11th Jan 20227:00 amRNSBusiness and traffic commentary December 2021
16th Dec 20217:05 amRNSResponse to CAA's statement re 2022 airport charge
13th Dec 20213:47 pmRNSBorrower Loan Amendments - LIBOR Transition
10th Dec 20217:00 amRNSPublication of Investor Report
10th Dec 20217:00 amRNSBusiness and traffic commentary November 2021
11th Nov 20217:00 amRNSBusiness and traffic commentary October 2021
26th Oct 20217:00 amRNS3rd Quarter Results
18th Oct 20215:19 pmRNSNotice of Results
11th Oct 20217:00 amRNSBusiness and traffic commentary September 2021
8th Oct 20215:19 pmRNSPublication of Final Terms

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.