HomeNewsWorldHeathrow Airport sees April passenger numbers down 97%

Heathrow Airport sees April passenger numbers down 97%

For the first quarter, revenue fell 12.7% to 593 million pounds ($745 million) and adjusted EBITDA fell by 22.4% to 315 million pounds.

May 01, 2020 / 12:26 IST

London's Heathrow Airport, traditionally the busiest in Europe, said passenger numbers were expected to be down by around 97% in April and they were likely to remain weak until governments fighting the coronavirus outbreak deem it safe to travel.

For the first quarter, revenue fell 12.7% to 593 million pounds ($745 million) and adjusted EBITDA fell by 22.4% to 315 million pounds.

Heathrow said it had 3.2 billion pounds in liquidity,sufficient to maintain the business at least over the next 12 months, even with no passengers.

first published: May 1, 2020 12:18 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347