|Heathrow Terminal 5|
and in theory open new trading routes to British exporters, however until brexit deals are fixed, no trade deals to exploit these new long haul destinations can be relied on.
That whole brexit problem clearly not enhanced by the news that failed former Peterborough MP Stewart Jackson - not noted for his people skills - is now "effectively a civil servant" and part of the David Davis hastily formed Brexit department, the official confirmation finally sneaked out by Jackson earlier today in the local Peterborough newspaper.
No one can so far, find where this lucrative public position, pad for out of public funds was advertised, and the type of transparent recruitment process undertaken, to ensure value for money and if indeed Mr Jackson has the right temperament for such a sensitive negotiating position .
Heathrow also underlines what they term booming activity with all-time records in passenger traffic - up 3.9% to 37.1 million - and cargo - up 9.1% to 0.82 million tonnes. The increase in cargo does however put extra pressure on the road network around Heathrow. Much of this cargo traffic could say some groups be transferred to other regional airports.
Strong financial performance with revenue up 4.1% to £1,374 million and Adjusted EBITDA up 6.9% to £835 million reflecting renewed strengthening of retail momentum. Over £1 billion in debt financing restructure also completed, simplifying Heathrow’s debt financing arrangements.
They also flag up the new partnership with Transport for London increasing transport options for passengers with Crossrail serving all terminals from 2019. Working with airlines, Heathrow says it is making good progress towards meeting the Government’s challenge to deliver expansion with airport charges close to current levels.
At or for six months ended 30 June 2017 2016 Change (%)
(£m unless otherwise stated)
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