By Maximilian Clarke
Record monthly passenger numbers at Heathrow have seen BAA post 10% growth in revenue.
The UK’s leading airport operator saw a 4.3% growth in overall passengers over the 9-month period ending September 2011. Overall losses narrowed to £100 million, down significantly from 2010 when volcanic ash caused widespread disruption to flights across Europe.
BAA, which is owned by the Spanish consortium, Ferrovial, operates 6 UK airports, though it is currently fighting a ruling from the Competition Commission to sell Stansted.
"Our strong financial performance was driven by underlying growth in passenger numbers, higher revenue per passenger, continued cost control and no recurrence of the volcanic ash and strike disruptions of 2010,” commented Colin Matthwes, BAA Chief Executive.
We are focused on progressively improving passengers’ experience and the service we offer airlines at Heathrow. The new Terminal 2 is rapidly taking shape and work is continuing on a baggage transfer system which will move bags faster between Terminals 3 and 5. Our investment in these projects reflects our commitment to ensuring Heathrow’s future as Europe’s leading hub airport.”