Heathrow will remain loss-making in 2022 despite strong signs a concerted recovery in UK air travel demand is firmly under way.
Heathrow believes expansion via a third runway is still a likely course of action
The UK’s busiest airport on Tuesday (26 April) said it was not forecasting a return to profit or dividends this year, highlighting a range of headwinds – including higher fuel costs, lower GDP growth, Russia’s invasion of Ukraine and the transition to living with Covid.
In a first-quarter trading update (three months to 31 March), Heathrow revealed total cumulative losses during the pandemic now exceeded £4 billion.
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