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New route to Chengdu drives airport to 67 long-haul routes.

Gatwick Airport Annual Results.

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Gatwick Airport today further underlined the vital role it plays in the local, regional and national economy as it announced its annual financial results for the twelve months ending 31 March 2018.

The airport has continued to demonstrate the important role that it plays for Britain with passenger numbers reaching an all-time high of 45.7m, up +3.6% on last year, resulting in an extra 1.6 million people travelling through Gatwick.

Passenger growth was driven by the airport’s long-haul connections with an additional 1 million long-haul passengers (up +14.4% on 2016/2017) travelling through Gatwick. 1 in 6 airport passengers now travel to a long-haul destination.

In the last financial year, nine new long-haul routes have started from the airport to destinations including Buenos Aires, Taipei and Singapore. Plus, building on increased passenger numbers to China, up 44.5% year on year, next week Air China will start the UK’s only direct connection to Chengdu.

The airport’s long-haul growth, up +14.4%, drove a +20.4% increase in cargo tonnage compared to last year. Recent research by Oxford Economics has found that in 2017, £7.5 billion worth of goods were transported between the UK and overseas markets, through flights that arrived at or departed from Gatwick.

Nick Dunn, Chief Financial Officer, Gatwick Airport, said:

“Gatwick’s global connectivity has grown dramatically with nine new long-haul routes in the last year alone. We now offer 67 long-haul routes in total including the UK’s only direct service to Chengdu, which is due to start flying next week.

“Our increased network drives increased cargo capacity – another example of the vital role Gatwick plays for Britain. As the country prepares for Brexit, it is critical that we continue to grow our long-haul links in addition to connections within the UK and Europe.

“We have ambitious plans to further enhance the experience for passengers at the airport, with a commitment to invest over £3 billion between 2010 – 2023, including an extension to Pier 6 providing six new aircraft stands, plus a new mezzanine level in the North Terminal departure lounge to accommodate new restaurants.

“Gatwick welcomes and is focussed on the Government’s recent challenge to all airports to make the best use of their existing runways. It is vital that all airports are encouraged to increase capacity and we are exploring the best way Gatwick can continue to grow sustainably to support the local and national economy so that Britain can reap the benefits of greater global connectivity.”

Continued growth

• Revenue up 5.4% to £764.2million. Combined with carefully controlled cost management, this resulted in EBITDA up 10.1% to £411.2 million and a profit before tax of £233.7 million
• The year to the end of March 2018 was the busiest in Gatwick’s history with 45.7 million passengers, an increase of 3.6% or 1.6 million passengers
• Gatwick’s growth is a combination of more planes, bigger planes and fuller planes – each aircraft at Gatwick is carrying five (4.6) more passengers, on average, than last year

New airlines and routes

• Growth across a broad range of travel markets with long-haul traffic, European business routes and destinations in Asia combining to fuel a record-breaking year
• Gatwick adds 1 million long-haul passengers, as 1 in 6 of the airport’s passengers are travelling long-haul
• New long-haul services from Gatwick include:
– Qatar Airways to Doha
– China Airlines to Taipei
– Norwegian to Singapore, Buenos Aires, Chicago, Austin, Denver, Seattle
• In July 2018, Air China will start the UK’s only direct connection to Chengdu

Retail

• The financial year ending March 2018 saw retail openings at the airport from the following brands:
– A brand new walk through World Duty Free store opened in the North Terminal in September 2017
– The stationery brand kikki.K arrived at Gatwick in March 2018 also joined by toy retailer Hamleys in December 2017
– Clothing brand Reiss opened in the South Terminal with Superdry and Jack Wills arriving into the North Terminal
– Jamie Oliver’s The Diner, a homage to American comfort food, comprising a diner restaurant section, an art-deco inspired bar plus also a ‘grab and go’ deli opened in August 2017
• Retail income increased by 8.8% period-on-period to £177.3 million with an increase in income per passenger of 4.9% to £3.82

Airport developments

• Work has started on Boeing’s new hangar at Gatwick providing on-site engineering and maintenance capability and creating 100 new on airport jobs
• £3.14 billion investment committed at the airport between 2010 – 2023 with £1.11 billion due to be spent over the next five years. Projects include:
– Gatwick is designing and planning an extension to Pier 6, as the airport requires additional aircraft stands to meet passenger forecast demand and maintain service levels, taking the pier to seventeen stands from eleven currently
– A new mezzanine level extension in the North Terminal departure lounge to accommodate new restaurants
• Gatwick’s passenger app launched in the year and has already received the accolades of Mobile Innovation of the Year at the National Technology Awards and Mobile App of the Year at the Real IT awards
• Multi-award winning year for Gatwick with the airport scooping Airport of the Year at the London Transport Awards, Airport of the Year at the UK Transport Awards and Best Airport at the Airport Operators Association Awards

Sustainability

• In June 2018, Gatwick became the first airport to secure ‘Zero Waste to Landfill’ accreditation from the Carbon Trust and was recertified as a carbon natural airport
• The Gatwick Foundation Fund awarded £300,000 to deserving community projects during the past year. Working in partnership with the Community Foundations in Kent, Surrey and Sussex, the Airport was able to fund 80 projects supporting the needs of young people, families, and the elderly.

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Former Horsham Council CEO appointed as Chair for GATCOM

New Chair brings substantial experience of chairing committees and similar bodies locally and across the South East.

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New Chair of GATCOM, Tom Crowley.

Tom Crowley – the former Chief Executive of Horsham District Council – has been appointed as the new Chair of Gatwick Airport’s Consultative Committee (GATCOM) – the statutory, independent advisory body and ‘critical friend’ of the airport, it was announced today.

Tom will take up his new role in January 2019 – for a minimum of period of four years – and brings with him substantial experience chairing committees and similar bodies locally and across the South East region. He is also currently Chair of Empty Homes – a national research and campaigning charity – and a Governor of the Chichester College Group.

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Before his appointment as Horsham’s Chief Executive in 2005, Tom held senior management roles at Reigate and Banstead Borough Council and Arun District Council.

In its 62 year history, the 28-strong committee has maintained an independent and unbiased approach in its overarching objective, which is to ensure the future success of Gatwick Airport, while paying particular regard to the impact it has on the surrounding communities and the environment.

The outgoing Chair – Dr John Godfrey – will leave his role in December 2018 after announcing his retirement after eleven years in post. His achievements during this period have been described by Stewart Wingate – Gatwick’s CEO – as ‘considerable’ and include leading the committee through the sale of the airport by BAA to Global Infrastructure Partners in 2009.

John also steered GATCOM through major challenges such as the public consultations on a second runway and the airport’s master plan, through the use of and changes to flight paths, the establishment of the Gatwick Noise Management Board and helped to generate support to secure enhanced rail services to the airport.

Stewart Wingate, Gatwick CEO, said:

“I congratulate and look forward to working closely with Tom in his new role as Chair. This post is fundamental to the strength of GATCOM and the committee plays a key role advising me and my senior team about issues of concern to our local communities or that impact the local environment.

“I would also like to express my personal gratitude to Dr John Godfrey for dedicating over a decade to the role. I very much value his contribution to GATCOM and his achievements during his tenure have been considerable and have helped shape the direction the airport.”

Dr John Godfrey, outgoing GATCOM Chair, said:

“I join Stewart in congratulating Tom on his appointment and wish him well in his new role. GATCOM acts as a bridge between the airport management and all the various agencies and interests which make up the wider community which the airport serves. Tom’s background and experience equip him to make a major contribution to the important work of the UK’s leading airport consultative committee.”

Tom Crowley, incoming GATCOM Chair, said:

“I am delighted to have been selected for this important position. Having lived and worked locally for almost forty years I am acutely aware of the economic benefits that Gatwick brings but I also appreciate that the airport’s development and operation generates significant environmental impacts.

“GATCOM plays a vital role in representing the interests of those who benefit from and are affected by the airport and it provides an effective forum to promote constructive dialogue with Gatwick’s senior managers.”

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