| Topic: | Re:Re:Re:News from Heathrow.. | |
| Posted by: | Tim Henderson | |
| Date/Time: | 09/08/20 13:52:00 |
| The press release announcing the half-year results from Heathrow on 29th July included : Significant passenger decline pushes Heathrow to loss - Passenger numbers were down over 96% in Q2 as global aviation came to a virtual standstill. We anticipate a gradual recovery as countries reopen borders, but that 2020 passenger volumes will be more than 60% lower than 2019. Q2 revenue fell 85% to £119 million and adjusted EBITDA turned to a loss of £93 million. We recorded an adjusted loss before tax of £471 million in the first six months of 2020. Cargo volumes down over 30%, hit by loss of passenger flights – Cargo at the UK’s biggest port usually travels in the hold of passenger planes. Increase in cargo-only flights has not offset the loss of passenger flights to long haul markets. |
| Topic | Date Posted | Posted By |
| News from Heathrow.. | 07/08/20 23:47:00 | Jim Lawes |
| Re:News from Heathrow.. | 07/08/20 23:54:00 | Janice Evans |
| Re:Re:News from Heathrow.. | 08/08/20 00:03:00 | Ken Munn |
| Re:News from Heathrow.. | 08/08/20 06:40:00 | Michael Adams |
| Re:Re:News from Heathrow.. | 08/08/20 08:53:00 | Bernard Allen |
| Re:Re:News from Heathrow.. | 08/08/20 08:58:00 | Rima Jones |
| Re:News from Heathrow.. | 08/08/20 09:31:00 | Bruce Hammal |
| Re:News from Heathrow.. | 08/08/20 10:17:00 | Basil Finnis |
| Re:Re:News from Heathrow.. | 08/08/20 19:50:00 | Philippa Bond |
| Re:Re:Re:News from Heathrow.. | 08/08/20 23:13:00 | Basil Finnis |
| Re:Re:Re:News from Heathrow.. | 09/08/20 13:52:00 | Tim Henderson |
| Re:News from Heathrow.. | 10/08/20 12:15:00 | Charlotte Kasner |
| Re:Re:News from Heathrow.. | 10/08/20 12:31:00 | Philippa Bond |