London Heathrow Airport (LHR) reported that it welcomed a record of 5.72 million passengers in November 2016, an increase of 2.5% year over year, alongside a 4.4% growth in cargo volumes.

The airport‘s cargo growth also saw an increase to fast-growing markets in the Middle East, East Asia and Latin America. Cargo growth to China was up by 10.6%, Turkey up 10.4%, Mexico up 7.3% and Brazil up 5.6%.

At the same time, emerging market passenger growth was also strong, with Mexico, China and the Middle East all up by 8%.

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On the 25th of October 2016, the UK government announced its support for a new runway at Heathrow – the first full length runway in the south-east since the Second World War. The scheme will now be taken forward in the form of a draft ‘National policy statement’ (NPS) for consultation.
 

Heathrow airport also announced further investments in Britain’s supply chain in November 2016, awarding 4-year contracts seven expert companies who will design plans for the airport’s sustainable expansion.

Heathrow CEO John Holland-Kaye said: “Since the Government’s backing of a third runway, we’ve put a team in place that will help us to deliver the benefits of expansion as quickly as possible – an affordable plan that creates more jobs, boosts exporters and builds an economy that is stronger and fairer for everyone – and we are looking forward to the publication of the Government’s National Policy Statement early next year.”