-Heathrow Airport made big profits despite the onset of Covid and this was contributed by the delay in the delivery of sustainable aviation fuel, which resulted in an increase in prices and tickets according to Travel Gossip.
London’s Heathrow Airport made a pre-tax profit last year of £38 million.
It was the first time the hub had made a profit since the outbreak of COVID in 2019.
The airport described 2023 as a ‘strong year’, during which it handled 79.2m passenger – the third highest in its history.
However, it said that a forced 20% reduction in ‘real terms’ airport charges at the start of 2024, as required by the Civil Aviation Authority, means it must ‘close a £400 million gap with efficiencies and investment trade-offs over the next three years’.
And it warned that UK consumers will pay more to travel in the future if Ministers don’t speed up the delivery of a domestic SAF (sustainable aviation fuel) industry.
It also repeated its call for the Chancellor of the Exchequer to bring back tax-free shopping in his spring Budget to ‘level the playing field’ with other European countries.
About Heathrow Airport
Heathrow Airport is located in London and is one of the busiest in the world. It is the largest airport in the UK as well as the busiest worldwide in terms of passenger traffic. Nowadays, Heathrow is the world’s busiest international airport and the hub of the civil aviation world. Over 67 million passengers travel through the airport annually on services offered by 90 airlines travelling to over 180 destinations in over 90 countries.
