📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

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
-

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

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.