Heathrow closure cost British Airways owner £40m Aviation The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship [...]
Heathrow eyes earnings crunch as national insurance hike weighs Transport and infrastructure London Heathrow airport expects its earnings for 2025 to take a hit as it weighs the cost of Labour’s hike to employer’s national insurance contributions. The airport expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to decrease by three per cent to near £1.98bn over the year due to higher operating costs brought on [...]
Heathrow’s story goes up in flames Opinion Every weekday morning I’m up and ready to receive an important email that comes in at 6.30am. The email is sent by the producer of Nick Ferrari’s breakfast show on LBC, and it contains an initial plan for the stories that I’ll discuss with Nick on air exactly an hour later. It’s a slick routine [...]