Heathrow reports a surge in annual profits

Heathrow has seen a surge by 31% in annual profits and a record year for passengers proves that a third runway is needed.

Pre-tax profits of £917 million were reported for 2024 up from £701 million in 2023 and there was a 6% increase in passengers travelling through all four terminals to 83.9 million.

Heathrow chief executive Thomas Woldbye said: “2024 underscores why Heathrow is the UK’s gateway to growth.

“Our colleagues welcomed a record number of passengers with good service, cargo volumes increased 10% boosting British trade, and we invested over £1 billion to improve facilities and boost resilience which creates more value for customers at Britain’s front door.

“Securing future economic growth means investing in the infrastructure that powers it.”

Speaking of the third runway Woldbye said Heathrow will make “the largest private investment in the UK’s transport network.”

Over the next ten years the airport will be modernised to make it a “competitive world-class hub fit for the future.”

He added, “This is an exciting time for our customers, our colleagues and the country, and we’re looking forward to working with the Government to deliver it.”