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IAG climbs as Heathrow breaks August passenger record

Published 11/09/2024, 13:31
Updated 11/09/2024, 14:10
© Reuters.  IAG climbs as Heathrow breaks August passenger record
ICAG
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Proactive Investors - Heathrow said Taylor Swift’s concerts in London aided the airport to a fourth consecutive monthly passenger record in August with 7.97 million people used the airport last month.

Swift’s Eras tour took the singer to London’s Wembley Stadium for five nights in August, which Heathrow said had led 40,000 additional passengers to the airport this summer.

Some 269,000 travellers passed through the airport on Sunday, August 18, which coincided with Swift’s London dates, setting a new daily record for Heathrow.

Overall, numbers were driven by holidaymakers flying to Europe, followed by transatlantic flights.

Following repeated record-breaking months, this saw 950,749 Pret coffees sold via the airport’s terminals in July and August, Heathrow noted.

Some 30 million people are expected to have travelled through Heathrow by September since June as a result of the 5.5% uptick in August, stretching to 82.6 million over the past 12 months.

Chief executive Thomas Woldbye hailed 2024 as Heathrow’s “busiest summer,” adding “for the past four months we have broken several new records, demonstrating our ability to open a world of opportunity for more people, cargo, business and the UK economy”.

Shares in International Consolidated Airlines Group (LON:ICAG), which owns Heathrow-based British Airways and has just over half the slots at the west London airport, climbed 0.7% on Wednesday.

Read more on Proactive Investors UK

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