Heathrow’s credit rating downgraded amid coronavirus uncertainty March 27, 2020 Heathrow Airport’s long-term credit rating has been downgraded amid the reduced demand and ongoing uncertainty caused by the coronavirus outbreak. Credit rating agency Standard & Poor has announced today it is lowering Heathrow’s long-term ratings on Class A and Class B debt by one notch. Heathrow Funding Limited retains investment grade credit ratings on the [...]
Heathrow boss to forego salary as coronavirus hammers airlines March 16, 2020 Senior executives at Heathrow Airport including boss John Holland-Kaye will take pay cuts over the next few months as the UK’s busiest airport tries to limit the damage done by the coronavirus outbreak. Sky News first reported that Holland-Kaye would forego his salary until June, making him the latest of a number of airline and [...]
Heathrow Airport passenger numbers sink in February as coronavirus hits demand March 11, 2020 Passenger numbers at Heathrow Airport declined nearly five per cent year-on-year in February as a lack of demand due to the coronavirus outbreak began to take its toll on the transport hub’s footfall. The monthly fall to 5.4m passengers was largely down to a falling demand on Asian and European routes, which have been the [...]
Heathrow third runway: Businesses react as High Court blocks expansion February 27, 2020 Climate groups reacted joyously this morning after the Court of Appeal upheld their challenge to the planned third runway expansion of Heathrow Airport. However, business groups expressed their “bitter disappointment” at the decision. In a seismic decision for environmental campaigners, the court found that the government’s policy statement for the third runway was “unlawful” as [...]
Heathrow soars to ninth year of growth as third runway decision looms February 26, 2020 Heathrow Airport posted its ninth consecutive year of passenger growth as stakeholders gear up for tomorrow’s judicial review decision on whether the third runway expansion project can go ahead. The transport hub also said that though it was closely monitoring the coronavirus outbreak, it does “not expect [it] to have a material negative impact on [...]
Heathrow airport halts take-offs due to plane blocking runway February 19, 2020 Heathrow airport briefly halted some flights this morning due to an aircraft blocking one of its runways. Specialist air travel news website Airlive had reported that a plane was blocking runway 27R. The plane, a BA flight from Tel Aviv, had to be towed off the runway after a hydraulic fluid spill. Sign up to [...]
Heathrow growing at half the rate of Charles de Gaulle airport February 11, 2020 Heathrow airport is growing at half the rate of its French rival Charles de Gaulle, which at this rate will replace it as Europe’s leading hub airport within two years. Despite a record start to 2020, with over 6m passengers passing through the airport in January, Heathrow warned that unless it upped its growth rate [...]
Business groups react as Heathrow expansion in doubt again February 2, 2020 Business groups warned that the failure to expand Heathrow would see the UK “fall behind the rest of the world” as the new runway’s future was again plunged into doubt this weekend. It emerged that Spanish infrastructure giant Ferrovial was reportedly considering selling its 25 per cent stake in the airport if it could not [...]
Ferrovial adds to Heathrow uncertainty amid warnings over returns February 2, 2020 Heathrow owner Ferrovial has added to the uncertainty over the airport’s long-awaited third runway by saying it might consider selling the asset if it could not get an “adequate return” on its investment. The Spanish infrastructure firm, which owns UK outsourcer Amey, currently owns a 25 per cent stake in Europe’s busiest airport. However, chief [...]
Coronavirus: Heathrow airport to separate arrivals as concern grows January 22, 2020 Heathrow has set up a separate arrivals area for people travelling from the Chinese city hit by the coronavirus outbreak. Transport secretary Grant Shapps said Heathrow was putting “additional measures” in place this morning to protect against the virus. “Initially this is to ensure that when flights come in directly into Heathrow there is a [...]