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Heathrow limits full-year loss to £684m after ‘challenging’ restart

Air
James Chapple
23 February 2023

Heathrow limited its full-year pre-tax loss last year to £684 million, down from £1.27 billion, during what outgoing boss John Holland-Kaye described as a "year of recovery" – albeit one that left the global aviation sector "deeply scarred".

Airlines ‘must want Heathrow expansion’

Up to 35 airlines could be affected by the action (Credit: Heathrow airport)

Inflation, lower passenger numbers and "insufficient regulated charges" impacted Heathrow’s underlying profitability, the airport said on Thursday (23 February). No dividends were paid in 2022, and none are planned for 2023, Heathrow has confirmed. Holland-Kaye said 2023 would be "a year of renewal" for Heathrow.