Heathrow Airport’s latest financial report shows the travel hub suffering a £2 Billion loss in 2020 as a direct consequence of the Covid-19 pandemic.
Heathrow reported 2020 as its worst year in 75 years of trading, seeing passenger numbers decline by circa 72%. The reduction in passenger numbers led to a reduction in revenue of 62%.
Despite ongoing travel restrictions Heathrow does retain sufficient liquidity to weather the storm until 2023.
Heathrow CEO John Holland-Kaye signed off the 2020 report calling on the chancellor Rishi Sunak by saying: “We need next week’s Budget to support aviation’s recovery by extending furlough and providing 100% business rates relief.”
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Hospitality & Catering News: £2 Billion loss at Heathrow prompts CEO to call on the chancellor for budget support. – 24 February 2021 – £2 Billion loss at Heathrow prompts CEO to call on the chancellor for budget support.
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