United Kingdom
United States
Asia Pacific
Heathrow posts first post-pandemic profit
Heathrow Airport is back in the black for the first time since the pandemic.
It returned to profit for the first time since 2019, posting a 2023 pre-tax profit of £38 million.
It is a turn around from losses of £684 million the previous year.
There was a 28.6% increase in passenger traffic to 79.2 million, thanks to its busiest-ever December.
In 2019, it handled 80.9 million air travellers.
It took the opportunity to again cite the ‘huge cost challenge’ imposed by the aviation regulator, for capping the airport fees it planned to charge airlines.
“2023 was a good year for Heathrow from a challenging start to a great finish, said Thomas Woldbye, Heathrow’s new CEO.
“We delivered much improved service for our customers, and managed to turn a small profit after three consecutive years of losses.”
“Although in 2024 we are expected to deliver even further improved service to more passengers, but with airport charges cut by 20% in real terms.”
Related News Stories: United Airlines introduces Bag Drop Shortcut at London Heathrow Emirates is first international airline to join Solent Cluster low-carbon … ULEZ charge: What Heathrow bound drivers should know … Etihad adds third A380 superjumbo on London Heathrow route … British Airways first Gatwick to Accra flight touches down Air Canada restarts London to Mumbai flights UK’s biggest airports set to miss CT scanner deadline – TravelMole How sustainable are UK Airports? Delta, Virgin Atlantic celebrate 10 years of joint venture partnership … Ethiopian Airlines adds Gatwick flights
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel