Heathrow Business and traffic commentary February 2018 (3369H)

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RNS Number : 3369H

Heathrow

12 March 2018

07.00 12(th) March 2018

Heathrow's cargo performance takes off in February

-- Heathrow welcomed a record 5.4 million passengers in February, an increase of 2.4% on last year

-- Emerging markets were a key source of growth ,with South Asia up 12.7% and Latin America up 6.5%, boosted by airlines flying larger, fuller aircraft to Heathrow

-- Domestic routes also grew strongly in February, up 3.6% as regional airline Flybe carried an extra 17,000 passengers in the month

-- Trade through the UK's biggest port by value jumped by 5% in February on the back of growth in North American and East Asian markets, securing Heathrow's 19(th) consecutive month of record cargo growth

-- The record cargo performance is increasing the strain on Britain's global trading infrastructure and underscores the need to expand Heathrow at pace. New analysis released in February revealed that six of Britain's key trading routes, accounting for nearly 20% of the trade through Heathrow are already full - including Shanghai, Tokyo Haneda, Delhi, Mumbai, Los Angeles and Dubai

-- Heathrow published its first Export Climate Index which tracks the health of the UK's export economy. The new report revealed that UK exporters are in their strongest position since 2000 - a positive sign as the UK approaches the anniversary of article 50 being triggered

Heathrow CEO John Holland-Kaye said:

"Today's figures show that Heathrow is filling up fast - if we don't act soon to expand our nation's global gateway, the UK will only fall further behind our European rivals. A prosperous, global-trading Britain needs an expanded Heathrow now."

 
 Traffic Summary 
 
 February 2018 
 
                                                                                            Mar 2017 
                                                                Jan to                            to 
 Terminal Passengers                                               Feb                           Feb 
  (000s)                           Month   % Change               2018   % Change               2018   % Change 
 Heathrow                          5,392        2.4             11,197        1.7             78,179        2.9 
=====================  =================  =========  =================  =========  =================  ========= 
 
 
                                                                                            Mar 2017 
                                                                Jan to                            to 
 Air Transport                                                     Feb                           Feb 
  Movements                        Month   % Change               2018   % Change               2018   % Change 
 Heathrow                         35,144        0.8             73,205        1.7            475,241        0.7 
=====================  =================  =========  =================  =========  =================  ========= 
 
 
                                                                                            Mar 2017 
                                                                Jan to                            to 
 Cargo                                                             Feb                           Feb 
  (Metric Tonnes)                  Month   % Change               2018   % Change               2018   % Change 
 Heathrow                        133,140        5.0            266,170        6.0          1,713,412       10.4 
=====================  =================  =========  =================  =========  =================  ========= 
 
 
 Market comparison                                                                          Mar 2017 
  (000s)                                                        Jan to                            to 
                                                                   Feb                           Feb 
                                   Month   % Change               2018   % Change               2018   % Change 
 Market 
=====================  =================  =========  =================  =========  =================  ========= 
 UK                                  347        3.6                707        5.2              4,837        4.1 
 Europe                            2,246        1.8              4,465        1.6             32,554        2.2 
 Africa                              251        4.3                537        3.6              3,189        1.0 
 North America                     1,004        0.3              2,223       -0.3             17,352        1.1 
 Latin America                        99        6.5                215        6.7              1,307        6.9 
 Middle East                         567        1.9              1,198       -0.0              7,622        6.8 
 Asia / Pacific                      877        5.2              1,852        3.4             11,319        4.6 
 Total                             5,392        2.4             11,197        1.7             78,179        2.9 
---------------------  -----------------  ---------  -----------------  ---------  -----------------  --------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 12, 2018 03:00 ET (07:00 GMT)