Search

UK/Stansted: Heathrow revenues soar to £2.46bn, but Stansted passenger numbers declined last year

PUBLISHED: 09:01 18 February 2013 | UPDATED: 17:24 18 February 2013

An easyJet flight arriving at Stansted Airport

An easyJet flight arriving at Stansted Airport

Archant

Heathrow reported higher revenues and profits today after a record 70 million passengers used Britain’s biggest airport during 2012.

The company, whose customer satisfaction levels were also at an all-time high, posted an 8% rise in revenues to £2.46billion, while it returned to the black at an underlying level with profits of £46.4million.

However the airport is operating at close to capacity and the company warned this would limit the UK’s ability to trade with emerging economies. There were 471,341 flights during 2012, just below Heathrow’s cap of 480,000 a year.

Today’s results from the former BAA company include Stansted Airport, which was sold after the year-end to Manchester Airports Group for £1.5bn. Stansted’s passenger numbers declined 3.2% to 17.5 million last year.

The company predicted more strong growth in Heathrow’s turnover this year and said construction of the new Terminal 2 should be completed towards the end of 2013, with operations commencing in mid-2014.

The project accounted for a large slice of the £1.1bn invested in the airport during 2012, an increase of more than 30% on a year earlier.

Heathrow achieved an all-time record passenger satisfaction score in a survey produced by the Airports Council International for the third quarter, but the percentage of people passing through central security within the prescribed time was below last year’s level at 92.8% in 2012.

Meanwhile, Heathrow’s retail income increased 4.4% to £6.21 per passenger, while the figure was 2.8% higher at £4.27 for Stansted.

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Insight

The search is on for Norfolk and Suffolk’s brightest and boldest companies to join the new class of Future50. Could your firm be among them? Mark Shields reports.

In the face of an ageing population leaders in East Anglia are focused on increasing the skill level of the region’s workforce. But what is the best educational route to take? Bethany Whymark reports.

Green 100

cover

Enjoy the Green 100
digital edition

Read
0

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100