Heathrow Lost £2bn in 2020 Due to the Lowest Passengers Numbers Since 1970

Heathrow Airport has revealed it plunged to a £2bn loss due to the lowest passenger numbers recorded in the last 50 years.

Before the pandemic, the airport used to transport about 80 million passengers per year but in 2020 this figure dropped to only 22 million travelers.

In spite of these concerning financial results, Heathrow CEO, John Holland-Kaye mentioned that the airport is not considering suspending payments to its creditors because they have “enough money to cope until 2023.”

Heathrow is owned by the Qatar Investment Authority, China Investment Corp and Spain’s Ferrovial among other big names.

Holland-Kaye is counting on being able to resume most of the airports’

→ Continue reading at Traveling Lifestyle

Similar Articles


Most Popular

5 things to know Tuesday

Skyrocketing food bank demand; Indigenous cold case unit; Ferry captain resigns; Des Moines fast ferry; AG opposes electric, gas rate increases. With demand...

Toyota will buy back your recalled bZ4X EV

Toyota recalled the bZ4X in June over concerns the electric crossover's wheels could fall off at speed, and now it's taking extra steps to...

Man arrested after his roommate was found dead at their Auburn home, police say

AUBURN, Wash — Police are investigating after a man was found dead at an Auburn home Monday night.  A woman called 911...