UK. Heathrow Airport today reported improved revenues and reduced losses for the first six months of 2022. But the company warned that recovery in the “deeply scarred” aviation sector will take years. It also hit out at the UK regulator’s plans to limit investment in capacity.
In the six months ended 30 June, revenue increased +268% year-on-year to £1,280 million. Q2 revenue alone leapt by +317%, reflecting the sharp increase in passengers.
Retail revenue in the half increased by +318.6%, driven by departing passengers, car parking revenue, premium services and the mix of retail services available in the six months of 2022, compared to last year when governmental restrictions on non-essential shops were in place in the first five months.
Read the full article at The Moodie Davitt Report