Heathrow sees cargo volumes soar

Heathrow sees cargo volumes soar

Britain's largest port by value saw cargo volumes rise by 10.5% in the third quarter in comparison to the same period last year.

Heathrow Airport has seen cargo volumes soar over the past 12 months as British exporters continue to expand overseas to capitalise on the weakening of the pound.

The hub saw cargo increase to 1.25 million tonnes during the third quarter of the year, a 10.5% increase on the same period last year. The airport also saw passenger traffic grow by 3.1% to 59.1 million during the period.

Increased travel demand and continued progress on the regulator’s cost control objectives has also resulted in revenues increasing 3.2% to £2,161m and Adjusted EBITDA up 5.7% to £1,347m.

John Holland-Kaye, CEO of Heathrow Airport, said: “A strong performance over the summer – record numbers of passengers visiting Britain, double-digit growth in exports, strong global investor support and better service and value for passengers – shows what a critical national asset Heathrow has become.

"Heathrow expansion is not a choice between the economy and the environment – it must deliver for both. In post-Brexit Britain, it will connect our whole country to the global growth markets of tomorrow and a robust package of environmental commitments will help us expand responsibly. We are now getting on with delivering it.”