Heathrow sets record Q1 results - The Brewery

Heathrow sets record Q1 results

Heathrow has seen record passenger numbers during the first three months of 2013, travelmole.com reports.

Some 16 million passengers travelled through Heathrow over the course of Q1 2013, which represents a 1.8 per cent increase compared to figures recorded the same time last year. Furthermore, the total also set a new record, being the highest figure seen at the airport for a first quarter.

These figures suggest that, even during off-peak periods, traveller volumes at Heathrow are on the increase. As this may not be as affected by tourism volumes – as it may do in the summer – these figures could point towards an increase in business travel, as firms gain more financial traction and become more willing to send representatives in the flesh to attend meetings at London’s conference centres.

Increased traffic and higher tariffs also saw revenue at the airport increase by 6.1 per cent to a total of £520 million, thereby reducing its pre-tax loss from £232 million to £196 million.

Speaking after the figures were published, the airport’s chief executive, Colin Matthews, told breakingtravelnews.com: “Heathrow performed strongly in the first quarter, with record passenger service scores and record financial performance. Strong cash flow is an important element in funding major current and future investment to improve Heathrow still further.”