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

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Traffic and business commentary September 2016

11 Oct 2016 07:00

RNS Number : 1690M
Heathrow
11 October 2016
 

 

 

 

07.00 11th October 2016

Heathrow cargo soars in the wake of Britain's Brexit vote

 

§ Heathrow welcomed a record number of passengers in September, with 6.8 million travelling through the UK's only hub airport

§ Heathrow's cargo volumes surged 6% in September on the back of growth to East Asia and Latin America (Brazil up 18%, China up 13% and Mexico 7%). Heathrow is Britain's largest port, accounting for almost 30% of all UK exports by value outside the EU last year while Gatwick served only 0.2%

§ Emerging market passenger growth was also strong, with China up 7% and Mexico and India both up 5% - evidence that demand remains strong to fly from the UK's front door

§ Larger, quieter and more efficient aircraft continued to be a driver for growth in passenger volumes which were up 0.4% in September as airlines deploy more and more new generation Airbus A380s, A350s and Boeing 787s at Heathrow

§ The Scottish Government backed a third runway at Heathrow, joining the Welsh Government and the DUP in backing Heathrow expansion as the best option for all of Britain

§ An independent study from the University of Cambridge confirmed the Airports Commission's analysis that a third runway can be delivered within tough environmental limits

§ Heathrow announced plans to give Britain a 'Brexit Boost' with an additional 25,000 flights on existing runways from 2021 - four years before a third runway would open.

§ As well as adding vital extra capacity on existing routes, the end of EU regulation offers an opportunity to ring-fence some of the new slots for "Brexit Boost Routes" including new domestic connections such as Humberside, Dundee, Newquay or Liverpool and new long-haul trade routes to growth markets such as Osaka, Kochi, Wuhan and Quito. Heathrow also plans to boost domestic services by extending the £10 discount on all departing UK flights and bringing forward to 2021 £10m in start-up capital to support new UK routes

 

 

Heathrow CEO John Holland-Kaye said:

 

"The Prime Minister is clear that her Government will step up and do what's right for Britain.

 

"Expanding our country's largest port will give Britain's businesses the best connected trading network in the world. We'll show that we're confident about our future and determined to make a success of Brexit.

 

"We've had the debate on airport capacity, we've heard all the arguments and the independent evidence is conclusive - Heathrow expansion will make Britain stronger and fairer for everyone. Now is the time to make the right choice for Britain and back Heathrow."

 

 

Traffic Summary

September 2016

Terminal Passengers(000s)

 Month

% Change

Jan toSep 2016

% Change

Oct 2015 toSep 2016

% Change

Heathrow

6,793

0.4

57,311

0.7

75,357

1.0

Air Transport Movements

 Month

% Change

Jan toSep 2016

% Change

Oct 2015 toSep 2016

% Change

Heathrow

40,614

0.3

357,485

0.0

472,150

-0.2

Cargo(Metric Tonnes)

 Month

% Change

Jan toSep 2016

% Change

Oct 2015 toSep 2016

% Change

Heathrow

126,109

5.9

1,128,067

2.1

1,520,006

1.2

Market comparison(000s)

Month

% Change

Jan toSep 2016

% Change

Oct 2015 toSep 2016

% Change

Market

UK

420

-9.5

3,482

-12.3

4,653

-12.5

Europe

2,880

0.3

24,129

1.7

31,564

2.1

Africa

275

-1.4

2,353

-5.3

3,165

-5.5

North America

1,550

-2.3

13,048

-0.4

17,208

0.3

Latin America

102

-5.5

933

3.1

1,237

3.9

Middle East

636

13.0

5,215

8.3

6,800

8.0

Asia / Pacific

930

3.9

8,151

3.2

10,729

3.1

Total

6,793

0.4

57,311

0.7

75,357

1.0

 

 

 

 

 

 

 

Notes to Editors:

 

§ Cargo / air freight is critical to Heathrow's success in winning and sustaining long-haul routes for trade and passengers. Air freight is carried in the belly-holds of passenger planes

§ Heathrow is the largest UK port by value carrying over £100bn of cargo every year, more than the joint total from Felixstowe and Southampton, the UK's biggest shipping ports

§ As the Airports Commission report stated: "Heathrow is by far the largest and most important UK airport for freight". Compared to other UK airports, the Commission said that Heathrow is "better placed to accommodate high frequencies of less thick long-haul connections and … thus more attractive for freight handling. Another attractive feature of Heathrow for the freight sector is its central position on the strategic road network."

§ Only Heathrow has plans to significantly increase its cargo-handling capacity to exploit the opportunities that greater connectivity brings for British businesses trading with existing and new markets

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFSAITLILIR
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
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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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