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    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

    GSK TO ACQUIRE EFIMOSFERMIN.

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    Andhra Pradesh Chief Minister Chandrababu Naidu Meets Union Minister Dr. Jitendra Singh, Seeks Central Boost for Andhra’s Science & Innovation Plans

    100% of IT Security Leaders in India See Promise in AI Agents – 85% Say Their Security Practices Need an Overhaul

    Amrita University Announces Launch of New International Law School

    DE BEERS GROUP COMMITTED TO UNLOCKING INDIA’S FULL DIAMOND POTENTIAL

    FOR THE FIRST TIME, A THREE-DAY ORGANIC MANGO AND JACKFRUIT FAIR IS BEING ORGANIZED AT LALBAGH – DIRECTOR RAMESH

    NHRC, India takes suo motu cognizance of a media report regarding the arrest and remand to custody of a Professor of Ashoka University in Haryana

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    ReNew to invest ~INR 22,000 crore to set up one of India’s largest hybrid RE projects in Andhra Pradesh

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    GSK TO ACQUIRE EFIMOSFERMIN.

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    Health inequities are shortening lives by decades

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    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    The team from Sri Ramakrishna Engineering College, Coimbatore, received the 'Winner' award from Prof. (Dr.) T. G. Sitharam, Chairman of AICTE, and Mr. Abhishek Sinha, Executive Director & President - Medical, Smart World & Functions, L&T Technology Services.

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    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

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  • Auto

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    Team India (Senior Women) squads for the England tour announced

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    Remainder of TATA IPL 2025 to be held at six venues

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    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

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    FOR THE FIRST TIME, A THREE-DAY ORGANIC MANGO AND JACKFRUIT FAIR IS BEING ORGANIZED AT LALBAGH – DIRECTOR RAMESH

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    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

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Heathrow statement on judicial review outcome

FWM by FWM
May 1, 2019
in World
0
Heathrow, airfield, aircraft tail fins on apron, Sep 2018.

Heathrow, airfield, aircraft tail fins on apron, Sep 2018.

01 May, 2019

Commenting on today’s High Court ruling on the expansion judicial review claims, a Heathrow spokesperson said: 

“We are delighted with today’s ruling which is a further demonstration that the debate on Heathrow expansion has been had and won, not only in Parliament, but in the courts also. We are getting on with delivering the once-in-a-generation project that will connect Britain to global growth, providing thousands of new jobs and an economic boost for this country and its future generations.”

Heathrow lands record performance – Results for the 3 months ended 31 March 2019

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Airside

 

  • More passengers than ever before – Heathrow achieved its 29th consecutive month of growth, welcoming a record 17.9 million passengers in Q1 2019
  • Award-winning service – Passenger satisfaction reached new highs with Terminal 5 beating international competition to be crowned the best airport terminal in the world at the annual Skytrax awards. Heathrow is delivering good value for passengers with airport charges declining 2.4% to £22.13 per passenger and 82.6% of passengers said they had an “Excellent” or “Very Good” experience at Heathrow
  • New routes boost Britain’s connectivity – Over 210 global destinations are now connected via a direct flight from Heathrow after the Newquay, Chengdu, Osaka, Phoenix, Pittsburgh and Charleston routes launched in Q1. Up to 40 new long-haul services are set to give a further boost to Britain’s global connectivity once Heathrow expands
  • Robust financial health – Higher retail spending resulted in a healthy £679 million in overall revenues and Adjusted EBITDA increasing by 1% to £406 million
  • Efficient access to financial markets – Our robust financial health enables us to access competitively priced funding which ultimately results in lower passenger charges. This was demonstrated by successful returns to both the EUR and CHF markets and multiple private placements by global investors. Heathrow has already raised over £1 billion long dated finance in 2019 setting the groundwork to fund expansion entirely privately without a cost for the taxpayer
  • Sustainable future for colleagues and communities – Heathrow is delivering a more sustainable future airport – reporting strong progress on increasing the number of women in senior roles and decreasing both gender pay and bonus gaps. In addition, we launched an aviation think tank comprised of five UK universities coordinating research in areas like carbon and net zero carbon air travel, noise, air quality and waste
  • Ramping up for growth – With expansion on the horizon, Heathrow is set to invest nearly £1 billion into the airport over the coming year to prepare us for the future growth that expansion will unlock. Following a successful consultation on modernising the airspace around Heathrow in Q1, Heathrow is preparing to unveil its detailed preferred masterplan for public consultation in June

John Holland-Kaye, Chief Executive Officer of Heathrow, said:

“2019 is an important year for Heathrow as we put in place the building blocks that will define Britain’s global connectivity for decades to come. With passengers continuing to choose Heathrow in record numbers, the strong backing of global investors and a credible plan to expand responsibly, we’re ramping up for growth and excited about building a bigger and better hub airport for Britain.”

 

At or for 3 months ended 31 March 2018 2019  Change (%)
(£m unless otherwise stated)      
Revenue 680 679 (0.1)
Adjusted EBITDA(1) 402 406 1.0
EBITDA(2) 403 409 1.5
Cash generated from operations 405 426 5.2
Adjusted profit before tax(3) 33 57 72.7
       
Heathrow (SP) Limited consolidated nominal net debt(4) 12,407 12,771 2.9
Heathrow Finance plc consolidated net debt(4) 13,980 14,125 1.0
Regulatory Asset Base(4) 16,200 16,149 (0.3)
       
Passengers (million)(5) 17.7 17.9 1.4
Retail revenue per passenger (£)(5) 8.82 8.92 1.1
Tags: Heathrow
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