Friday, 24 November 2017

Continued growth at London Gatwick

Gatwick Airport reinforced the vital role it plays in the local, regional and national economy as it announced its interim financial results yesterday, for the six months ending 30 September 2017.

Gatwick has continued to increase its lead as the World’s busiest single-runway airport with passenger numbers +5.1% on last year. The airport has further extended its global connectivity with long-haul routes +12.4% versus the same six months last year.

Before the end of the financial year Gatwick will add further global connections to Taipei, Buenos Aires, Chicago and Austin building on new routes to Singapore, Rwanda, Seattle and Denver in the last six months. 

Gatwick’s vital role within the UK economy was demonstrated by growth on domestic routes of +5.3%, as passengers took advantage of the regional services available from the London airport best connected to the rest of the UK. 

Stewart Wingate, CEO of Gatwick Airport, said: “Gatwick has blazed a trail in the last six months delivering record growth in passenger numbers and record-breaking new long-haul routes while also setting new standards for customer service."

“Gatwick now serves 45.5 million passengers each year and is playing a vital role for Britain. As we prepare for Brexit, it is critical that we continue to grow our long-haul links in addition to connections within the UK and Europe. Our results show significant cargo growth on the back of our ever-strengthening long-haul network."

“We have ambitious plans to build on these results to reach 50 million passengers per year and beyond which will further set the standard for a single runway airport. This will be done while continuing to deliver the best passenger experience which is at the heart of everything we do at Gatwick. This was illustrated this month when Gatwick was crowned ‘Airport of the Year’ at the National Transport Awards and the ‘UK’s Best Airport’ at the Airport Operators Association Awards.

“We are currently preparing our full submission to the Government’s re-opened National Policy Statement consultation. We are planning future submissions to support the Aviation Strategy in which we will detail the plans we have to continue to make best use of the airport’s existing facilities.

“Gatwick is ready to play an increased global role for Britain as we grow. Gatwick is prepared to build our financeable and deliverable second runway scheme so that Britain can reap the benefits of greater global connectivity faster.”

Revenue up 5.5% to £469.7million. Combined with carefully controlled cost management, this resulted in EBITDA up 9.9% to £290.6 million and a profit before tax of £140.7 million.

The six month period to the end of September 2017 was the busiest in Gatwick’s history with 26.4 million passengers, an increase of 5.1% or 1.3 million passengers

Gatwick’s growth is a combination of more planes, bigger planes and fuller planes – each aircraft at 
Gatwick is carrying four more passengers, on average, than last year

Gatwick achieved its busiest day ever on 1 September 2017 with 950 aircraft movements

Gatwick recently awarded Airport of the Year (National Transport Awards) and UK’s Best Airport (Airport Operators Association Awards)

Growth across a broad range of travel markets with long-haul traffic, European business routes and destinations in Asia combining to fuel a record-breaking year

Recently commenced services from Gatwick include:
Norwegian to Singapore, Seattle and Denver
RwandAir to Kigali
New announced routes from Gatwick include: 
China Airlines to Taipei
Norwegian to Buenos Aires, Chicago and Austin

Retail income increased by 8.3% period-on-period to £98.1 million with an increase in income per passenger of 3.1% to £3.67

The clothing brand Reiss arrived at Gatwick in May 2017 and the first phase of the North Terminal redevelopment resulted in a new Jack Wills store and new units for Cath Kidston and Superdry

A brand new walk through World Duty Free store opened in the North Terminal in September 2017
Jamie Oliver’s The Diner, a homage to American comfort food, comprising a diner restaurant section, an art-deco inspired bar plus also a ‘grab and go’ deli opened in August 2017
Airport Developments

Green light given for Boeing’s new hangar at Gatwick to provide on-site engineering and maintenance capability creating 100 new on airport jobs

Gatwick is designing and planning an extension to Pier 6, as the airport requires additional aircraft stands to meet passenger forecast demand and maintain service levels, taking the pier to seventeen stands from ten currently

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