BAA Ltd, owner and operator of six British airports including London Heathrow, has expressed satisfaction at the way the airports operated by the company were able to handle increased passenger numbers during the recently completed 2012 Olympic and Paralympic Games.
Colin Matthews, the company chief executive officer, said, ‘We are proud of Heathrow’s performance during London 2012, and warmly thank the volunteers, our own staff and the many other organisations who planned and delivered a warm and efficient welcome to Great Britain.
We intend to combine the best of the games experience with Heathrow’s ongoing investment programme to steadily improve the airport for our passengers and airlines.’
In spite of the Olympic rush, London Heathrow Airport recorded a 1.9 percent drop, to 6.5 million passengers in august 2012, compared to the figure for August 2011. The traffic downturn was at its lowest for the first two weeks of August 2012, showing a fall of 4.6 percent compared to the same period in 2011. This is thought to be due to UK residents opting to stay in the UK to cheer Team GB’s efforts in the games, and foreign travellers deciding to avoid the UK because of the Olympic rush.
The company has also reported a 2 percent decrease in passenger traffic across its other five airports during August, when the total passenger traffic was 9.5 million. Aberdeen Airport recorded the biggest drop in passenger traffic for the month, at 9.2 percent, compared to August 2011.
However cargo movement have shown an improvement, with a 2.6 percent increase over the five airports during the month, compared to the same period last year.
BAA Ltd, owner and operator of six British airports including London Heathrow, has announced that the airports under company management are all ready to receive the influx of international visitors for the 2012 London Olympic Games, which commence tomorrow.
Colin Matthews, the chief executive of BAA, said, ‘We are pleased that Olympic arrivals have gone smoothly so far but there is lots more to do. London 2012 is Britain’s biggest peacetime transport challenge and we are spending more than GBP20 million to ensure Heathrow is ready for its busiest ever period, including building a temporary Games Terminal; preparing to host remote check-in at the Olympic Village; and training more than 1,000 volunteers who are giving a warm welcome to athletes on behalf of London.’
The company has recently released its results for first six months, ending June 30, 2012, and has reported revenues of GBP1.2 billion, an 8.4 percent increase on the same time last year. Earnings before interest, tax, depreciation and amortisation have increased by 8.8 percent to GBP555.2 million, in the first six months of 2012, compared to those in the first six months of 2011.
Commenting on the results, Matthews said, ‘BAA is reporting a strong operational and financial performance for the first half of 2012. Higher passenger numbers and increased yields are driving revenue growth which is being invested in new facilities for passengers. Passengers tell us they are noticing the improvements with Heathrow receiving its highest ever passenger satisfaction scores in the two most recent quarterly Airport Service Quality surveys.’
BAA Ltd, the owner and operator of six British airports, has announced its decision to sell Edinburgh Airport in Scotland, to Global Infrastructure Partnership, a real estate infrastructure investment fund that already has Gatwick and London City airports in its portfolio.
The company is selling its 100 percent stake in the airport for £807 million, in a deal expected to close in May 2012. Edinburgh Airport has handled 9.3 million passengers in 2011, and generated gross earnings of £48.3m for the 2011 period.
After the sale of the airport, the company will still retain ownership of Heathrow, Stansted, Glasgow, Aberdeen and Southampton airports in the UK.
Colin Matthews, the company chief executive officer, said, ‘Edinburgh Airport and its team have been part of BAA for a long time and we are proud of its achievements. We wish the new owners every success and are confident the airport will continue to flourish. BAA will continue to focus on improving passengers’ journeys at Heathrow and its other airports.’
Adebayo Ogunlesi, the chairman and managing partner of Global Infrastructure Partnership, said, ‘Edinburgh Airport is a high quality infrastructure asset. We see significant opportunity to apply our tested and successful operational expertise and our knowledge of the global airports sector to develop and enhance the performance of Edinburgh Airport in years to come.’
The company has sold Edinburgh Airport, as recommended by the UK Competition Commission, after considering a decision to sell either the Edinburgh or Stansted airports to improve competition in the UK aviation industry.