Lift for Heathrow as 2013 sees profit rise

Heathrow has announced a 22.1 per cent rise in earnings today, encouraged by higher passenger numbers. (Release)

Profit before tax was at £266m for the nine months to 30 September. For the same period last year, the figure stood at £112m.

Traffic performance was up 3.6 per cent to 54.8m passengers. Chief executive Colin Matthews said "Strong passenger satisfaction and passenger numbers have driven strong growth in cash flows, funding current investment of almost 4 million pounds a day in improving the airport for passengers and airlines."

The owner of Heathrow, Southampton, Glasgow and Aberdeen airports said adjusted earnings before interest, tax, depreciation and appreciation (EBITDA) increased to £1.035bn for the nine months to 30 September, from £848m in the same period in 2012.

Operational trials at the Terminal 2 - The Queen's Terminal are scheduled to begin in November, with the first flights in June of next year, said the airport operator.