Results For Nine Months to December 2003
BAA, the international airports group and owner of seven UK
airports, including the world's busiest international airport,
Heathrow, reported on Monday a continued year on year improvement
in passenger numbers, revenue and profit in its third quarter and
said that it expected this trend to continue.
"Operationally, passenger numbers continued to rise, retail
performance has been excellent and operating costs, including
increased security and maintenance expenditure, have come in on
target", commented Mike Clasper, Chief Executive of BAA.
Group revenue was 499 million pounds sterling for the quarter,
an increase of 4.2% on the comparable quarter in 2002 (479 million
pounds restated(1)) while Group operating profit rose 8.