London Heathrow Airport's COVID losses balloon to $3.4b
Heathrow, Britain’s biggest airport, said Thursday a Q1 loss of GBP329m took total losses since the start of the pandemic to nearly GBP2.4b as travel continues to be hammered. It said only 1.7m passengers travelled through the London airport in the three months to March 31, down 91% compared to Q1 2019. Heathrow, which during the pandemic lost its crown as Europe’s busiest hub to Paris, said continuing uncertainty over British government policy meant it had reduced its passenger forecast for the year to a range of between 13m and 36m, compared to 81m in 2019. Britain’s aviation industry is hoping that flying will rebound in late May once COVID-19 restrictions are eased, but uncertainty remains about where people will be able to go, and how digital vaccine passports will work.<br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2021-04-30/general/london-heathrow-airports-covid-losses-balloon-to-3.4b
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London Heathrow Airport's COVID losses balloon to $3.4b
Heathrow, Britain’s biggest airport, said Thursday a Q1 loss of GBP329m took total losses since the start of the pandemic to nearly GBP2.4b as travel continues to be hammered. It said only 1.7m passengers travelled through the London airport in the three months to March 31, down 91% compared to Q1 2019. Heathrow, which during the pandemic lost its crown as Europe’s busiest hub to Paris, said continuing uncertainty over British government policy meant it had reduced its passenger forecast for the year to a range of between 13m and 36m, compared to 81m in 2019. Britain’s aviation industry is hoping that flying will rebound in late May once COVID-19 restrictions are eased, but uncertainty remains about where people will be able to go, and how digital vaccine passports will work.<br/>
