BAA reaches record numbers at Heathrow
British airport group BAA reported record number of passengers using its Heathrow airport last year, with company losses narrowing.
British airport group BAA reported record number of passengers using its Heathrow airport last year, with company losses narrowing.
Passenger numbers leapt 5% to a record high of 69.4m in 2011, while losses slimmed down from £316.6m to £255.8m for the twelve months ended December 31st.
Elsewhere passenger numbers at Stansted dropped by 2.2% to 18m. However, the total number of passengers at its airports grew by 3.7% to 87.4m.
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The firm, which is 49.9% owned by Spanish infrastructure firm Ferrovial, said that growth at Heathrow was "particularly strong".
"Of Heathrow's major markets, European traffic showed the most significant year-on-year growth, increasing 7.6% to 28.5m passengers."
Heathrow used 99.2% of its permitted annual arrivals and departures in 2011, a record high. However, this meant that the firm has been unable to meet demand for news routes to growing markets such as Asia.
NR
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