Heathrow Declares Resilient Demand In H1 Results – Airways | Airlines


DALLAS — Heathrow (SP) Ltd, the holding company that owns London-Heathrow Airport (LHR), has announced in its H1 2023 results, that it continues to experience strong growth in its recovery from the woes of the pandemic.

In what was described as, “resilient” demand, the mega-hub saw 37.1 million passengers flow through its four terminals during the first half of this year. This represented a seismic leap of 42% compared to H1 2022. Whilst capacity has not been restored to pre-pandemic levels, this latest total was only 4.3% adrift from the same period in 2019.

Scottish carrier Loganair (LM) added additional routes using slots allocated to former carrier FlyBe, which ceased operations earlier this year. Photo: Heathrow Airports Limited

Strong Recovery

Putting this into context, LHR accommodated more passengers than any other hub airport within Europe and witnessed the biggest rebound in demand when compared to H1 2022. When analysing demand prior to the pandemic, Heathrow’s performance was eclipsed only by Madrid Adolfo Suárez (MAD), which saw H1 2023 results differ by a mere 2.7% compared to the same period in 2019.

Despite thriving demand, the airport nonetheless still posted a £139m (US$178m) loss before tax for the first six months of this year, which had more than halved compared to 12 months ago. In a press release issued by Heathrow (SP) Ltd, it linked its economic performance to an ongoing feud with the Civil Aviation Authority (CAA).

This relates to the CAA capping airport charges at LHR, which the airport owner has appealed. Revenue leaped by a staggering 36% compared to the same period last year and exceeded H1 2019 values by 19%. It was stated that this was attributed to greater aeronautical revenue, due to greater passenger throughput…

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