TIDM10FX TIDM88BX

RNS Number : 3587B

Heathrow

11 February 2022

11.02.2022

Year off to slow start as travel restrictions flatten confidence and demand

-- Demand to travel in January was weaker than expected and over 56% down versus pre-pandemic levels as the hangover from Omicron continued to suppress passenger confidence. Over 1.3 million passengers cancelled or did not book their trips because of Omicron restrictions in December and January

-- While bookings for outbound tourism are recovering, inbound tourism and business travel remain weak due to COVID-19 levels in the UK and other countries, international testing requirements and the risk of new border closures in the event of a new variant of concern. We urge the Government to support the sustainable recovery of travel and trade by outlining a playbook for managing future variants and seeking international harmonisation of travel rules

-- We are maintaining our forecast for the year at just over half of pre-pandemic levels on the basis that strong demand for outbound summer holidays can offset a weaker start to the year, and are working with airlines and ground handlers to increase resources across the airport ahead of the summer peak

-- We continue working with the CAA on a better regulatory outcome for consumers by correcting the factual errors in its initial proposals and designing effective mechanisms to enable the fastest possible traffic recovery

-- We are building on our leadership role with the launch of our updated sustainability strategy Heathrow 2.0: Connecting People and Planet which sets out ambitious plans to reduce fossil fuel carbon from aviation and to make Heathrow a great place to live and work

Heathrow CEO John Holland-Kaye said:

"After a tough Christmas, Omicron has continued to bite and this has been a weak start to the year. As short-lived as the additional travel restrictions were, they ruined the travel plans of more than 1.3 million passengers in the last two months.

"Today's removal of restrictions for vaccinated passengers in and out of the UK offers a ray of hope, but the Omicron hangover proves demand remains fragile, and at risk to new variants of concern and Government needs to set out a playbook for managing future variants that allows travel and trade to keep flowing."

Notes to editors:

To read the full list of commitments in Heathrow's refreshed sustainability strategy - Heathrow 2.0: Connecting People and Planet - visit: https://www.heathrow.com/company/about-heathrow/heathrow-2-0-sustainability-strategy

 
 Traffic Summary 
 
 January 2022 
 
 Terminal Passengers                                   Jan to                   Feb 2021 
  (000s)                         Jan                      Jan                         to 
                                2022   % Change          2022   % Change        Jan 2022   % Change 
 Market 
=====================  =============  =========  ============  =========  ==============  ========= 
 UK                             189       229.3          189       229.3          1,900        64.1 
 EU                             691       269.2          691       269.2          7,761        22.0 
 Non-EU Europe                  221       433.0          221       433.0          1,716        23.7 
 Africa                         184       143.1          184       143.1          1,148        26.6 
 North America                  549       539.0          549       539.0          3,801        45.6 
 Latin America                  126      1059.2          126      1059.2             528       62.3 
 Middle East                    367       176.9          367       176.9          2,535        32.2 
 Asia / Pacific                 272       214.4          272       214.4          1,924        -4.9 
 
 Total                       2,599        283.6       2,599        283.6        21,314         27.7 
---------------------  -------------  ---------  ------------  ---------  --------------  --------- 
 
 
 Air Transport                                         Jan to                   Feb 2021 
  Movements                      Jan                      Jan                         to 
                                2022   % Change          2022   % Change        Jan 2022   % Change 
 Market 
=====================  =============  =========  ============  =========  ==============  ========= 
 UK                          1,983        151.6       1,983        151.6        18,409         47.1 
 EU                          7,736        207.4       7,736        207.4        77,778         12.7 
 Non-EU Europe               2,176        247.6       2,176        247.6        15,983         14.9 
 Africa                      1,044         67.0       1,044         67.0          8,305        22.9 
 North America               4,278        118.6       4,278        118.6        37,094         23.6 
 Latin America                  648       373.0          648       373.0          3,668        41.0 
 Middle East                 1,822         37.7       1,822         37.7        17,543         14.5 
 Asia / Pacific              2,367         42.8       2,367         42.8        23,675          5.7 
 
 Total                     22,054         129.0     22,054         129.0      202,455          17.3 
---------------------  -------------  ---------  ------------  ---------  --------------  --------- 
 
 
                                                       Jan to                   Feb 2021 
 Cargo                           Jan                      Jan                         to 
  (Metric Tonnes)               2022   % Change          2022   % Change        Jan 2022   % Change 
 Market 
=====================  =============  =========  ============  =========  ==============  ========= 
 UK                               11       53.8            11       53.8             224       15.9 
 EU                          7,968          1.7       7,968          1.7      121,326          56.9 
 Non-EU Europe               3,985        -24.5       3,985        -24.5        66,307         38.3 
 Africa                      8,248         16.9       8,248         16.9        78,789         13.2 
 North America             38,090          37.3     38,090          37.3      492,074          32.3 
 Latin America               2,712        275.6       2,712        275.6        25,480        -16.6 
 Middle East               16,365         -11.2     16,365         -11.2      226,554           7.8 
 Asia / Pacific            33,660          26.0     33,660          26.0      409,416          30.4 
 
 Total                   111,037           18.4    111,037          18.4    1,420,169          26.6 
---------------------  -------------  ---------  ------------  ---------  --------------  --------- 
 
 

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February 11, 2022 01:59 ET (06:59 GMT)

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