Heathrow makes a loss even as passenger traffic takes off – The National

  • Date: 26-Apr-2023
  • Source: The National
  • Sector:Financial Markets
  • Country:UAE
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Heathrow makes a loss even as passenger traffic takes off – The National

Heathrowcontinued to make a loss in the first quarter, blaming fees set by the regulator as it posted a 74 per cent annual increase in passenger traffic.

Britain’s biggest and Europe’s busiest airport recorded 16.9 million passengers in the first three months of the year, a substantial increase over last year’s pandemic-affected numbers.

Yet it posted a £139 million ($173 million) adjusted loss, saying fees had been set "too low". It has launched an appeal against the passenger fees, which it had been ordered to lower for airlines using the UK airport.