Heathrow profits hit £443 million with cargo rising 10%

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Heathrow Airport has made a profit after tax of £443 million ($585 million) in the nine months up to 30 September with both passenger numbers and cargo volumes rising.

Revenue grew by 3.2 per cent to £2.1 billion and adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) was up by 5.7 per cent to £1.3 billion.

Cargo volumes increased by 10.5 per cent to 1.25 million tonnes while passenger numbers rose by 3.1 per cent to 59.1 million.

Heathrow Airport chief executive officer, John Holland-Kaye says: “A strong performance over the summer – record numbers of passengers visiting Britain, double-digit growth in exports, strong global investor support and better service and value for passengers – shows what a critical national asset Heathrow has become.”

“Heathrow expansion is not a choice between the economy and the environment – it must deliver for both. In post-Brexit Britain, it will connect our whole country to the global growth markets of tomorrow and a robust package of environmental commitments will help us expand responsibly. We are now getting on with delivering it.”