Heathrow has recorded an extra £329 million loss for quarter one in all 2021, as only one.7 million passengers travelled via the airport, down 91 per cent in comparison with the primary three months of 2019.

The brand new determine brings complete losses because the begin of the pandemic to almost £2.4 billion on the airport.

Cargo volumes are additionally down 23 per cent on 2019, underlining how a scarcity of flights impacts UK commerce with the remainder of the world.

Officers mentioned, whereas underlying demand for journey stays robust, persevering with uncertainty over authorities coverage has seen Heathrow scale back its passenger forecast for the 12 months to a variety between 13 and 36 million, in comparison with 81 million in 2019.

As vaccinations are rolled-out and Covid-19 ranges fall, restarting journey to markets just like the US can be essential to the financial restoration of the UK, the airport added in an announcement.

Heathrow chief govt, John Holland-Kaye, mentioned: “These outcomes present how Covid-19 has devastated the aviation sector and British commerce.

“Restarting worldwide journey from Might seventeenth will assist to kickstart the financial restoration, permitting exporters to get their items to market, in addition to reuniting households who’ve been separated for over a 12 months.

“Heathrow is gearing up for the restoration.

“By performing early to chop prices and defend money, we’ve got put ourselves in a robust monetary place to climate the storm and are able to welcome again passengers, whereas maintaining them protected.”

Heathrow mentioned decisive administration motion had seen the airport scale back money burn by 50 per cent versus quarter one in all final 12 months.

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