7/26, 9:22 AM (Source: TeleTrader)
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Heathrow: Cumulative COVID-19 losses at £2.9B

Heathrow plc announced on Monday that aggregate losses from the coronavirus pandemic increased to £2.9 billion and called on the British government to remove travel restrictions for vaccinated people.

The airport has seen fewer than 4 million passengers in the first half of 2021, something that would have taken 18 days before the pandemic, the company stated. Additionally, cargo volume remains 18% down compared to 2019, while airports in Frankfurt and Amsterdam reported a 9% increase.

"The UK is emerging from the worst effects of the health pandemic, but is falling behind its EU rivals in international trade by being slow to remove restrictions. Replacing PCR tests with lateral flow tests and opening up to EU and US vaccinated travellers at the end of July will start to get Britain’s economic recovery off the ground," Heathrow CEO John Holland-Kaye said.

Breaking the News / MD