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BAA: Heathrow traffic falls for first time this year


BAA reported a fall in passenger traffic during October of 1.3%, the first fall since December 2010, continuing the slowdown that had been first seen in the latter part of September. The main culprit was the domestic market, where a 16% drop in flights was more than matched by a 17% decline in passenger numbers. Aside from domestic traffic, Heathrow recorded marginal growth. Stansted saw a 4.9% decline in passengers, primarily reflecting a fall in capacity. Load factor of 81.8% was a record for October at Stansted. Management remain cautious about predicting growth in the coming months, given the macro uncertainty.