Heathrow to resume paying dividend from 2022: report
London Heathrow airport says it could resume paying a small dividend to shareholders from 2022, the Sunday Times reported. Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority. The airport will resume payouts of about GBP400m a year in two years’ time, down from an expected GBP600m, the paper said. The CAA rejected Heathrow’s demand for a pandemic bailout, without which the airport said it would have to curb its investment and face increased borrowing costs. The London hub’s passenger tally was down 82% last month compared with a year earlier, it reported in November, with further job losses looking likely even after a 30% cut in management.<br/>
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Heathrow to resume paying dividend from 2022: report
London Heathrow airport says it could resume paying a small dividend to shareholders from 2022, the Sunday Times reported. Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority. The airport will resume payouts of about GBP400m a year in two years’ time, down from an expected GBP600m, the paper said. The CAA rejected Heathrow’s demand for a pandemic bailout, without which the airport said it would have to curb its investment and face increased borrowing costs. The London hub’s passenger tally was down 82% last month compared with a year earlier, it reported in November, with further job losses looking likely even after a 30% cut in management.<br/>
