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BAA annual results 2011
Source: BAA

BAA (SP) Limited, the owner of BAA’s two London airports of Heathrow and Stansted, today announces its results for the year ended 31 December 2011.

Heathrow operating at full capacity as it achieves record annual traffic
87.4 million passengers at Heathrow and Stansted with 2% underlying growth at Heathrow
Strong service performance with highest ever passenger satisfaction at Heathrow
Revenue up 9.9% reflecting higher tariffs and continued strong retail performance
Adjusted EBITDA up 17.1% enabling continued significant Heathrow capital investment
Further increase in profitability and investment anticipated in 2012
Capital structure strengthened with £3 billion in new financing raised in last 12 months
New £2 billion Terminal 2 to deliver further state of the art facilities from 2014

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