The Worlds Leading Airport Company
BAA is a leading airport operator. We operate our airports in a way that seeks to meet the needs of passengers and airlines while at the same time providing an appropriate return on investment.
We are regulated on prices by the Civil Aviation Authority (CAA) and the Competition Commission and by the Government and the CAA on all aspects of safety and security. We have a clear accountability to both public duty as well as to our passengers and our shareholders. BAA is owned by ADI Limited, a consortium led by Grupo Ferrovial, and also including Caisse de depot et placement du Quebec and GIC Special Investments.
We know that BAA is, and must be, a responsible custodian and developer of public assets, a good employer, a co-operative partner with government, an equitable partner to airlines, and a good neighbour in the communities where our airports are located, as well as an excellent business.
BAA is a leading airport operator. We operate our airports in a way that seeks to meet the needs of passengers and airlines while at the same time providing an appropriate return on investment.
We are regulated on prices by the Civil Aviation Authority (CAA) and the Competition Commission and by the Government and the CAA on all aspects of safety and security. We have a clear accountability to both public duty as well as to our passengers and our shareholders. BAA is owned by ADI Limited, a consortium led by Grupo Ferrovial, and also including Caisse de depot et placement du Quebec and GIC Special Investments.
We know that BAA is, and must be, a responsible custodian and developer of public assets, a good employer, a co-operative partner with government, an equitable partner to airlines, and a good neighbour in the communities where our airports are located, as well as an excellent business.
BAA Airports News - July 10, 2009 - 10/07/2009
June traffic figures - BAA's airportsDeclines continue to reflect difficult economic circumstances, but underlying airport traffic trends improving
- Best underlying group figures since September 2008
- Edinburgh Airport traffic grows for third consecutive month
- Heathrow’s network strength remains evident
BAA's UK airports handled a total of 12.7 million passengers in June, a reduction of 5.9% on the same month last year.
Traffic volumes remain in decline but the latest figures represent the best underlying Group result since September 2008. In June, traffic volumes were at their highest for nine months, setting aside the distortion in April and March's figures due to the fact that Easter fell in April this year and in March in 2008.
Although all key markets were lower in June than a year earlier, all except the European Charter market improved on their performance for the last six months. Domestic traffic was 8.1% down in June and European Scheduled by 2.8%. North Atlantic traffic was 9.4% lower, but Other Long Haul was almost level with last year at -0.2%.
Of the individual airports, Heathrow recorded a decline of 3.1%, stronger than the other airports because of its hub status and the resultant growth in transfer passengers.
Gatwick was 7.6% down on last year, Stansted was 11.5% down and Southampton was 7.9% down. For the third consecutive month, Edinburgh Airport (+1.4%) recorded growth, while Glasgow and Aberdeen recorded decreases of 10.9% and 9.8% respectively.
In total the number of air transport movements at BAA's UK airports was 6.3% lower in June. The decline in cargo activity continued but for the second month in succession there was a marked shrinkage in the rate of decrease. This had been 21.8% in April but was 13.7% in June.