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.