Heathrow urges expansion vote before the summer after record year

posted on 22nd February 2018 by yumna
Heathrow urges expansion vote before the summer after record year

Heathrow Airport grew at its fastest rate in five years in 2017 and chief executive officer John Holland-Kaye is calling on MPs to vote in the UK Parliament on expansion plans before the summer.

Europe’s fourth busiest cargo gateway reported its full-year results in which it said it handled 78 million passengers in 2017 – a 3.1 per cent increase on 2016, while cargo volumes were up 10.2 per cent to 1.69 million tonnes.

In 2017, the airport’s revenues were up 2.7 per cent to £2,884 million, adjusted EBITDA was up 4.6 per cent to £1,760 million, but pre-tax profit was down 18.7 per cent to £217 million.

Holland-Kaye urged a decision on the airport’s plans for a third runway: “But while we are squeezing out small bits of growth, our rivals in France and Germany are overtaking us – for Britain to thrive post-Brexit, the Government needs to crack on with Heathrow expansion as quickly as possible with a vote in Parliament before the summer.”

The UK government said at the end of last year, that MPs will vote in Parliament before the summer on the building of a new runway at Heathrow.