UK. London Heathrow Airport today (29 April) reported results for the first three months of 2026, with retail revenue climbing +5.3% year-on-year to £179 million (US$242 million). The performance outpaced passenger traffic, which grew +3.7% year-on-year to 18.9 million.
Overall revenue increased +2.3% to £844 million (US$1.14 billion), which Heathrow ascribed to passenger growth, a favourable travel mix, continued expansion in premium services, increased food & beverage sales in addition to growth in the Other Regulated Charges segment.
Adjusted EBITDA declined -1.1% to £449 million (US$606 million) with adjusted pre-tax profit flat at £82 million (US$111 million).
On the impact of the Middle East crisis, a Heathrow statement said that transfer traffic increased across its network. “While Heathrow has temporarily absorbed demand from elsewhere, passenger numbers for the rest of the year are likely to be impacted while there is significant uncertainty in the Middle East,” it added.
The company has not updated its 2026 financial outlook yet, but noted “impact from recent Middle East disruption” and said the latest developments will be reflected in its June 2026 Investor Report.
Heathrow CFO Sally Ding said: “Heathrow delivered a solid start to 2026 but the outlook is uncertain due to the ongoing conflict. Our passengers continue to recognise the excellent service our teams provide, and we are proud to be rated among the best airports in the world, while remaining Europe’s most punctual major hub.
“However, Heathrow is full. That means fewer choices and higher fares for passengers and missed opportunities for the UK economy. Expansion is about delivering more routes, more competition and ultimately better outcomes for the people and businesses who rely on us.
“Our plan is privately financed, rigorously assessed and focused on value. With the right regulatory framework and government policy in place, we are ready to invest, grow and keep the UK connected to the world.” ✈
