Monday - Sep 25, 2017

Heathrow International airport report considerable increases in traffic for the first half of 2014

Heathrow International airport announces a considerable increase in traffic for the first half of 2014

Heathrow Airport, recognised as being the world’s busiest international airport, has recently returned their results for the first half of 2014, showing an increase in passenger traffic of 1.9%, to 35.1 million up from 34.4 million for the same last year.

According to the figures, the increase in passenger traffic was largely driven by an upsurge in intercontinental traffic, with the airport handling flights from more than 90 airlines arriving and departing from more than 170 international destinations.

Heathrow International Airport currently accounts for close to 30% of all UK air passenger activity with more than a third of those passing through the airport are estimated to be travelling on business. Heathrow is also the world’s second most active airport in terms of cargo handling cargo, with 55% of all UK air freight being handled by.

Between handling passengers and freight Heathrow International airport employs a staff of more than 70,000.

In terms of income the half-year report showed that income at Heathrow was up by 7.4% to £1.23 billion, while the report also showing that earnings before interest, taxes, depreciation, and amortisation (EBITDA) had increased by a healthy 15.4% to £704 million, while pre-tax profit for the period was £47 million.

The undoubted highlight for Heathrow , during the first half of this year, was  the long awaited opening of Terminal Two by her  Majesty the Queen , followed closely by the   airport management successfully completing their submission to build a third runway, with their application  currently under review by the Airports Commission.

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