4 MAY 2020

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Article from BTNews 4 MAY 2020

Heathrow results

The strong message from Heathrow Airport Ltd to the government as it published is first quarter results last week seems to be having results.  “Take a lead in setting a Common International Standard for safe air travel,”  it noted.  Speaking to Andrew Marr on BBC TV yesterday (3 May) morning Transport Minister Grant Shapps said the UK was is discussion with other countries regarding reciprocal border arrangements.

The Heathrow financial figures themselves were as expected, down 18.3%, mainly March,  with the prediction that for April passenger traffic will drop by 97%.  Heathrow says it has £3.2bn in liquidity, sufficient to maintain the business at least over the next 12 months, even with no passengers.

Last week, Heathrow welcomed a record-breaking 520 cargo-only flights, an over 1000% increase on the pre-COVID-19 average. This included the busiest ever day for these movements on 23 April welcoming 86 cargo only flights.

The statement from the airport is emphatic: “We believe the UK Government could provide a lead in defining that Common International Standard, as they have done with security standards. We will continue to work with them and others to establish those guidelines."

Also see LHR terminal moves in this issue.

www.heathrow.com

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