Record year for Heathrow

The number of passengers passing through Heathrow reached almost 70m in 2012, making it the busiest year ever for the airport.

The number of passengers passing through Heathrow reached almost 70m in 2012, making it the busiest year ever for the airport.

The total figure was an increase of 0.9% compared with 2011.

The airport also posted a record month in December, with 5.6m passengers coming through Heathrow's doors, up 2.0% on the previous year.

However, this contrasted with cargo, which was down 1.3% for the year as a whole and down 3.5% on December 2011.

"The figures for 2012 show Heathrow is delivering higher passenger numbers despite a tough economic climate," said chief executive Colin Matthews.

"At the same time, passenger satisfaction levels reached record levels."

The 2012 performance was led by North Atlantic traffic, which increased 3.2%.

More flights saw passengers numbers to Brazil up 21.6%, while the Middle East and central Asian traffic was up 3.4%, partly due to a recovery from the unrest in the region.

East Asia was also up 6.2%, although this figures benefitted from a recovery following 2011's Japanese tsunami.

There was weakness in African and Indian traffic, down 5.7% and 3.4% respectively, due to airlines reducing or stopping services.

Heathrow's European traffic increased modestly, up 0.5%, but economic conditions meant significant variations between traffic to different countries.

Portugal, Italy, Greece and Spain saw a collective passenger reduction of 4.5% over the course of 2012.

Greece experienced the largest reduction ( down 7.3%) followed by Italy (down 6.8%).

In contrast, Germany's traffic increased by 2.3% and France's traffic rose by 0.6%.

Domestic traffic was up slightly, by 0.5%..

Recommended

Share tips of the week – 30 September
Share tips

Share tips of the week – 30 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Sep 2022
The best British tech stocks from a thriving sector
Share tips

The best British tech stocks from a thriving sector

Move over, Silicon Valley. Over the past two decades the UK has become one of the main global hubs for tech start-ups. Matthew Partridge explains why,…
29 Sep 2022
These 3 top value stocks offer
Share tips

These 3 top value stocks offer

Professional investor Adam Rackley of Cape Wrath Capital highlights three overlooked value stocks to buy.
29 Sep 2022
Three top-notch Asian stocks to buy
Share tips

Three top-notch Asian stocks to buy

Professional investors Adrian Lim and Pruksa Iamthongthong, managers of the Asia Dragon Trust, pick three of their favourite Asian stocks to buy now.
23 Sep 2022

Most Popular

Why everyone is over-reacting to the mini-Budget
Budget

Why everyone is over-reacting to the mini-Budget

Most analyses of the chancellor’s mini-Budget speech have failed to grasp its purpose and significance, says Max King
29 Sep 2022
How the end of cheap money could spark a house price crash
House prices

How the end of cheap money could spark a house price crash

Rock bottom interest rates drove property prices to unaffordable levels. But with rates set to climb and cheap money off the table, we could see house…
28 Sep 2022
Why UK firms should start buying French companies
UK stockmarkets

Why UK firms should start buying French companies

The French are on a buying spree, snapping up British companies. We should turn the tables, says Matthew Lynn, and start buying French companies. Here…
28 Sep 2022