Heathrow claims it’s full as profits slump

Heathrow airport claims it is “full” and should be given the go ahead for expansion after its annual profit fell 10%. Heathrow

Revealing its 2014 figures, the airport said 2014 resulted in its busiest year ever, with 73.4 million passengers served, up 1.4%, but added there was no real growth in the number of flights.

“With Heathrow full, Britain is falling behind in direct flights to growth markets – that’s why calls for Heathrow expansion are growing from all parts of the UK,” a statement by the company read.

Like other airports vying for increased capacity in the UK, Heathrow is eagerly anticipating the results of the Airports Commission report on its recommendations on expansion.

Operating profits fell 10% to £839m though revenues climbed to £2.69bn and accounts showed that depreciation costs associated with the new Terminal Two were a factor in the profit slump.

John Holland-Kaye, Heathrow’s chief executive, said the airport had “performed very well in 2014, with record levels of passenger service and numbers of passengers served”.

“The successful opening of Terminal 2 means the nation now has a world class front door and passengers rate us the best hub airport in Europe,” he added.

“But with Heathrow full, Britain is falling behind European rivals in the race for growth – an expanded hub airport is best for Britain and backed by Britain.”

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