Heathrow Airport Ltd. snapped five years of annual losses in 2013 as Europe’s busiest aviation hub attracted bigger jets to boost passenger numbers and booked gains from the sale of its London Stansted terminal.
London Gatwick airport sought to put noise reduction at the center of a campaign to be chosen as the location for a new runway ahead of the U.K.’s Heathrow hub with a pledge to upgrade more than 1,000 homes with double glazing.
Heathrow Ltd. said it’s exploring plans to shift the site of a proposed third runway in an effort to minimize the impact of construction work as Europe’s busiest hub ramps up efforts to win support for its expansion.
London’s Heathrow airport, hemmed in by urban sprawl and barred from adding a new runway, is turning to bigger jets and glitzier shops to keep growing in the face of a campaign to build a rival hub on the Thames estuary.
London’s Heathrow Airport said a move by regulators to cut user charges at Europe’s busiest hub will hurt its spending plans, while Ryanair Holdings Plc slammed a decision to scrap price regulation at London Stansted.
London’s Heathrow airport, which has operated close to capacity since the start of the decade, added 2.4 million passengers last year as airlines eked out seats by operating bigger planes including the Airbus A380.
London’s Heathrow airport’s 66 million annual passengers will ultimately have to foot the bill for making Europe’s busiest hub snow-proof if Britain’s winters turn permanently colder, according to owner BAA Ltd.
BAA Ltd. ’s London Heathrow airport may become less competitive against other European hubs and demand for long-haul leisure flights to the city may be hurt because of rising U.K. tax, Chief Executive Officer Colin Matthews said.
Limited capacity at London’s Heathrow Airport costs the U.K. as much as 14 billion pounds ($22.2 billion) a year in lost trade as other European hubs boost connections to growing economies like China and Peru, the airport operator said.
London’s Heathrow airport, facing calls for its demolition, should remain Britain’s aviation hub and be allowed to build one more runway to add capacity while diminishing the impact of aircraft noise, its owner said.