Heathrow Airport Expects Revenue Rise on Passenger Increase

By Anthony O. Goriainoff

London's Heathrow Airport said passenger numbers grew in the 11 months to November and that it expects to report a rise in revenue for the year.

The airport--jointly owned by Spain's Ferrovial, the Qatar Investment Authority, China Investment Corp., and others--said it saw a record 77.3 million passenger travelling through the period. For 2025 it forecasts a 0.5% increase in passenger traffic to 84.3 million, driven by a record-breaking summer and a strong start to the winter season. Looking ahead the airport expects this number to reach 85 million passengers as it benefits from increased seat capacity.

Revenue for the year is forecast to be 3.62 billion pounds ($4.85 billion) compared with a reported 3.56 billion pounds in 2024. This will be driven by a rise in traffic numbers and higher yielding traffic mix with supporting non-aeronautical revenue from retail income and growth in parking and property, it said. For 2026 revenue is expected to be 3.68 billion pounds.

The company said it expects adjusted earnings before interest, taxes, depreciation and amortization--which strip out exceptional and other one-off items--to fall by 0.8% to 2.02 billion pounds. The company said this is due to headwinds stemming from higher-than-inflation costs to serve the pick-up in passenger numbers.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

December 19, 2025 03:14 ET (08:14 GMT)