Weak pound is great for London Heathrow

heathrow, london, brexit, retail, rise, income, revenue, shopping, duty-free, 2017, pound, weak, currency, sterling

Brexit-era UK currency weakness boosts retail revenue
London’s Heathrow airport has posted a 10% year-on-year rise in retail revenue for the first nine months of 2017, to £492 million (€558 million).
The increasing income from retail comes after a rise both in the number of passengers purchasing at the airport and the average spend per passenger. The latter stat for the nine-month period was £8.33, up 6.4% on the same period last year.
Heathrow says that growing airport traffic and depreciation in the national currency have boosted retail revenue, specifically in duty-free and airside specialist shops. Passenger numbers grew by 3.1% to 59.1 million.
Total revenue at the airport rose 3.2% to £2.16 billion, or adjusted EDITBA by 5.7% to £1.35 billion.


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