Measures include reducing operating costs, cancelling executive pay, freezing recruitment and reviewing all capital projects.
The airport revealed its cost-saving measures in a trading update issued on Friday morning (20 March).
It did not state how the spread of Covid-19 would affect its plans to expand the airport via a third runway.
“The spread of Covid-19 represents a seismic challenge for the global aviation industry – including Heathrow,” said the airport.
“Heathrow will take steps to reorganise and shrink our operation to remain open throughout this crisis.