Business and traffic commentary Sept 2023

Heathrow

11 October 2023

 

Heathrow's Recovery Caps Tenure of Transformational CEO 

§     7 million passengers travelled through Heathrow in September, the first month since February 2020 to exceed 2019 traffic levels. Passenger service levels were also ahead of 2019, and we were pleased to be named "Best Airport in Europe" and number 3 in the world by Business Traveller

§    After nearly a decade as CEO, John Holland-Kaye will hand over to Thomas Woldbye on 18^th October. Under John's leadership, the UK's hub airport has been transformed, starting with the opening of Terminal 2, on time and on budget. Since 2014, Heathrow has been named one of the best companies to work for in the UK, consistently rated by passengers as one of the top 10 airports for service in the world and been named "Sustainable Business of the Year"

§     John developed the plan to expand the UK's hub airport, connecting the UK to even more of the fast-growing markets of the world, which was backed by the Airports Commission and by a 4:1 cross-party majority in Parliament. He has also taken a lead pushing global aviation towards net zero by 2050 in line with the Paris Agreement and in building relationships with local communities 

§     When the COVID-19 crisis shut down global aviation, John protected frontline jobs at Heathrow, kept Britain's biggest port open for vital supplies and coordinated industry efforts to safely reopen borders. Over the last 18 months, he has successfully led Heathrow to recover faster than all of its major EU competitors

Heathrow CEO John Holland-Kaye said: 

"It has been a privilege to lead the very talented team which in less than a decade transformed Heathrow into a hub airport that the whole nation can be proud of.  We have built a solid legacy for my successor - Heathrow is now a customer service business, with a clear path to net zero by 2050 and a plan to grow and to connect all of Britain to global growth."

September 2023
Terminal Passengers (000s)		Sep 2023		% Change		Jan to Sep 2023		% Change		Oct 2022 to Sep 2023		% Change
Market
UK		358		39.1		3,139		32.0		4,118		32.6
EU		2,419		15.9		19,737		26.7		25,462		35.5
Non-EU Europe		445		20.3		3,977		22.8		5,185		31.0
Africa		298		21.5		2,698		32.1		3,534		42.7
North America		1,821		20.6		15,098		36.4		19,428		50.0
Latin America		165		16.2		1,546		24.7		2,029		38.7
Middle East		686		11.4		5,922		18.4		7,865		25.5
Asia / Pacific		883		59.6		7,247		98.2		9,139		106.4
Total		7,076		22.4		59,365		34.3		76,760		43.7
Air Transport Movements		Sep 2023		% Change		Jan to Sep 2023		% Change		Oct 2022 to Sep 2023		% Change
Market
UK		2,657		37.6		23,754		22.3		31,451		21.9
EU		17,055		12.2		145,966		20.4		190,809		25.9
Non-EU Europe		3,239		16.9		29,454		20.8		38,889		26.3
Africa		1,222		19.1		11,539		17.1		15,250		23.1
North America		8,137		18.3		68,553		26.7		88,623		33.3
Latin America		686		15.1		6,543		18.1		8,587		24.1
Middle East		2,547		13.7		22,463		20.0		29,315		20.1
Asia / Pacific		3,650		42.6		30,235		49.0		38,854		41.8
Total		39,193		18.0		338,507		23.7		441,778		27.8
Cargo	Sep 2023		% Change		Jan to Sep 2023		% Change		Oct 2022 to Sep 2023		% Change
Market
UK	117		219.8		502		47.2		569		26.2
EU	7,795		-3.0		69,123		-15.0		94,352		-17.1
Non-EU Europe	3,629		8.1		30,425		-1.0		41,657		-16.9
Africa	5,990		7.8		55,935		-9.6		74,768		-10.5
North America	46,766		0.2		390,875		-5.8		532,549		-4.9
Latin America	4,245		9.8		37,107		19.8		49,680		27.8
Middle East	21,387		1.5		187,582		5.7		248,654		3.2
Asia / Pacific	32,081		25.9		252,578		1.7		335,860		-8.9
Total	122,011		7.0		1,024,126		-2.1		1,378,090		-5.4

 

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