BAA revenues up amid Heathrow boom
Revenues for the British Airports Authority have risen following an increase of passengers at Heathrow airport.
Airport news for Heathrow,Travel on 27/10/2011.
The organisation said this week that Europe’s busiest air gateway saw a passenger increase of 6.1 per cent to some 52.6 million during the nine months leading up to 30 September thanks to an increase of transit travellers headed to and from the United States, Brazil, Germany, France and Switzerland.
The boost pushed the BAA’s London airport revenues up to £1.7 billion, a rise of 10 per cent, which helped to bring down pre-tax losses to £147 million from the previously announced figure of £193 million.
Similarly, Heathrow’s recent growth has helped to offset decreasing figures at the operator’s other London facility – Stansted airport – which during the same period has seen a drop of about 2.1 per cent to 14.1 million passengers.
BAA chief executive Colin Matthews said that his firm’s stronger performance could be attributed not only to record traffic at Heathrow but also to the lack of strikes and volcanic ash reoccurrences, as well as higher per passenger revenues and cost control initiatives.
Mr Matthews also confirmed that the BAA would indeed be moving forward with its challenge against the recent ruling from the Competition Commission that the BAA must sell off Stansted airport.
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