Britain’s Largest Airport Heathrow Posts $459 Million Q1 Loss

The largest airport in Britain Heathrow has posted a loss of 329 million pounds ($459 million) in the first quarter of the year.

The airport says only 1.7 million passengers travelled through the airport between January and March representing a 91% decline the number of passengers who used the airport at similar time in 2019.

Before the pandemic, Heathrow was the busiest airport across Europe however, it has long lost the crown to Paris courtesy of the COVID-19 pandemic. The airport says since the pandemic began it has so far registered losses amounting to over 2.4 billion pounds.

Britain has been one of the European countries most affected by the pandemic especially with the UK variant of the virus which mutated in the country. The Britain government has been putting travelling restrictions to curb spread of the deadly virus.

Britain Aviation Industry has now slashed down its passenger estimates for the year to a range between 12 million to 36 million which is way low compared to the 81 million passengers the body recorded for the year 2019.

The British Aviation regulator announced that it will be charging passengers 30 pence more per each passenger to help recover the massive losses experienced in the airline industry since the pandemic started.

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