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Heathrow bosses say airlines and passengers have to pay more to enhance recovery

Heathrow bosses say airlines and passengers have to pay more to enhance recovery as the airport reveals a £ 3.4bn Covid loss

  • Boss John Holland Kay said the airport was “on the brink of recovery” after coronavirus restrictions brought another dire summer.
  • But he warned that it would take at least another five years for passenger numbers to return to pre-Covid levels.
  • Prior to Covid, Europe’s largest airport wants to charge airlines up to £ 43 per passenger processed.This is an increase from £ 22 in 2020


Heathrow Airport has created a new language war with the aviation industry as it reveals that it has lost £ 3.4 billion since the pandemic began.

Boss John Holland Kay said the airport was “on the brink of recovery” after coronavirus restrictions brought another dire summer. But he warned that it would take at least another five years for passenger numbers to return to pre-Covid levels.

The outlook also said that regulators should allow airlines and passengers to charge more to accelerate rebounds and reward supporters.

Heathrow Airport has created a new language war with the aviation industry as it reveals that it has lost £ 3.4 billion since the pandemic began.

Heathrow Airport has been worried about demands from the Civil Aviation Bureau (CAA) and airlines led by British Airways to increase the charges charged to allow planes to take off and land. These are usually handed over to customers, and airlines warn that raising ticket prices is the wrong moment when trying to get people back on the plane.

Prior to Covid, Europe’s largest airport wants to charge airlines up to £ 43 per passenger processed. This is an increase from £ 22 in 2020. The CAA has since proposed a £ 34.40 compromise and is currently discussing that number. The industry rebounded last night against recent high demand at Heathrow Airport. British Airways said regulators “need to be in that position.”

An industry group spokesman said: “How can I get Global Britain when it imposes the highest air tax and allows the world’s most expensive hubs to keep raising their fares? It makes us even less competitive. Will make it. ”

Heathrow is already considered to be the most expensive airport in the world. According to the latest data, only 10 million passengers passed through the terminal in the first nine months of this year. About 80 meters were processed a year before the pandemic, and about 19 meters in the first nine months of 2020.

Boss John Holland Kay said the airport was

Boss John Holland Kay said the airport was “on the brink of recovery” after coronavirus restrictions brought another dire summer.

Holland-Kaye said: We are at the forefront of recovery, unleashing pent-up demand. However, after 15 years of negative real returns from investors, maintaining service and resilience requires a fair monetary settlement from the CAA.

Formerly state-owned, Heathrow was closed to the public by Ferrovial in Spain in 2006, and its investors now include sovereign wealth funds in Qatar, Singapore and China.

Shareholders should be rewarded for changing Heathrow Airport from “national embarrassment” to one that passengers currently rate as one of the best airports in the world, an airport source said.

Holland-Kaye said: And for some years they had to put money in the airport. He added: “We provide a great deal of value to money and our only goal is to make a fair return on our investment.”

Heathrow’s disastrous financial results show that it lost £ 458m during the normally lucrative summer season of July-September, compared to a loss of £ 516m in the summer of 2020. I made it clear. £ 3.4 billion since having to cancel virtually all flights in March 2020.

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Heathrow bosses say airlines and passengers have to pay more to enhance recovery

Source link Heathrow bosses say airlines and passengers have to pay more to enhance recovery

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