London's Heathrow Airport has reported a growth in revenue for the nine months ended September 30. The airport saw a significant increase in passenger numbers over the summer, reaching 29 million, bringing the total for the period to 59 million, compared to 44.2 million in the previous year.
In terms of adjusted pretax loss, which excludes exceptional and other one-off items, the airport recorded a narrowing to £19 million, a notable improvement from £442 billion in the previous year. However, pretax profit declined to £618 million from £643 million.
Heathrow Airport emphasized the importance of government support for its growth initiatives in the upcoming budget statement. The airport proposed the creation of new jobs through the development of a domestic sustainable aviation fuel industry, reinstating tax-free shopping for UK retailers, as well as enhancing connectivity via the Southern and Western rail links to the airport.
To maintain its competitive edge, Heathrow Airport urged ministers to take immediate action. It believes that timely measures are crucial to prevent the UK from lagging behind its competitors.