Wednesday 18 January 2017

BAA narrows losses after busy summer

Published 27/10/2010 | 10:52

The owner of Heathrow and Stansted airports today said it narrowed its losses for the year to date with the help of record breaking passenger numbers in July and August.

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BAA said revenues from the two airports increased by 4.4pc to £1.5bn (€1.72bn) in the nine months ending 30 September, while pre-tax losses were reduced by 75.5pc to £192.6m.

Heathrow recorded its busiest ever months in July and August and its busiest ever day on 18 July.

BAA also today announced plans to issue up to £325m of bonds as it looks to repay loans that are due to expire next year.

Press Association

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