London Heathrow operations to ‘shrink’ during outbreak

London Heathrow is to restructure and “shrink” the hub’s operations while the coronavirus situation persists, the airport’s operator has advised. The airport will remain open, enabling vital freight services – as well as a limited number of passenger services – to continue. But the operator warns that its financial performance will be “significantly impacted”, given the reduction of services by carriers. Passenger numbers were already down by nearly 5% in February, before the scale of coronavirus-related cancellations soared. “We are taking a number of immediate actions to safeguard the financial resilience of the business,” says the airport company. These measures include a review of capital projects, cutting operating costs, reducing executive salaries and freezing recruitment. <br/>