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Heathrow warns weak summer traffic to hit earnings

LONDON (Reuters) - Heathrow Airport Ltd., the predecessor of BAA, warned that full-year earnings will be below its target fewer passengers through this summer, Europe's busiest airport.
The lower-than-expected traffic in the summer, especially in July and August, passenger traffic declined in the same period in 2011 of about 40 million, "said Chief Financial Officer Jose Leo On Monday, London's Heathrow Airport.
In June, the Group expects profit in 2012 will report before adjusted earnings per share before interest, taxes, depreciation and amortization (EBITDA) of about 12.7 billion pounds.
Heathrow Airport nine months, EBITDA grew 9.6% to 922.9 million pounds by the end of September revenue 8.2%, to close at 184 million pounds, mainly due to increased tariffs charged airlines.
Spanish infrastructure group Ferrovial owns the company is Europe's busiest airport, Heathrow (Heathrow), the first nine months of this year, in 2012 handled 530,000 passengers, an increase of 0.6% over the same period last year.
Traffic, however, London Stansted Airport, which is mainly a low-cost leisure airport more vulnerable to domestic economic conditions, a decrease of 4.6%, to $ 1.35 billion in the same period.
The operator said, Stansted sale last year handled 18 million passengers, relax grip airports in the United Kingdom the British competition authorities, is being forced to sell.
Sell ??Stansted said: "Within a few months, Leo, who added that it will" probably next year "before a transaction is completed.
The single runway Stansted is based in central London, 50 km northeast and is the fourth busiest airport in the UK.
Manchester Airport Group, Macquarie, JP Morgan Asset Management Corporation and Morgan Stanley infrastructure is expected to tender Stansted, according to sources.
The additional Stansted Airport and Heathrow runway plan to cast the Conservative Party, the Liberal Democratic Party, composed of the BAA jointly came to power in 2010 and the future airport is unclear.
Leo the crossbar line will connect Heathrow and Stansted dismissed the idea run to establish a "hub" between east and west London to address the lack of air capacity in London and the South East of England 's.
As a transfer point, passengers can easily change air travel hub airport to another destination.
"Airlines will not be easy to operate, because the dual hub transmission for too long, kill the competitive advantage of the hub airport," he said.
Heathrow airport company also owns in the south of England and Glasgow, Scotland and Aberdeen Airport Southampton Airport.



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