BAA reports drop in passenger traffic
BAA reports drop in passenger traffic - Gatwick,Heathrow,Stansted Airport News
Airport news for Gatwick,Heathrow,Stansted on 25/12/2008.
The UK airports operator, owned by Spain’s Ferrovial, is currently estimating that the number of passengers flying from Gatwick, Heathrow and Stansted airports will drop to less than 120 million in 2009, as compared with the 125 expected through the end of 2008.
It is the UK Competition Commission’s plan to order BAA to sell off three of its seven airports in 2009, including Gatwick. It is expected that the sale of Gatwick will be completed by July, which would mean that BAA’s passenger numbers for the year would drop down to 103 million.
During the last 11 months, passenger traffic has decreased by 2.3 per cent on average at BAA’s three London airports – with Heathrow down by 1.3 per cent, Gatwick by 2.0 per cent and Stansted by 5.5 per cent.
The airports operator said in a recently-released statement: “Traffic levels have softened, particularly in the more recent months as the global economic outlook has deteriorated. Long-haul traffic has been relatively robust with weakness across domestic and European routes.”
BAA’s prediction comes at a time that major UK airlines are engaging in a price war, cutting airfares by as much as 25 per cent.