Have enough liquidity to sustain for next 12 months even without passengers: Heathrow Airport

In a statement, Europe’s busiest airport, London’s Heathrow Airport said, passenger numbers are expected to be down by nearly 97% in April; it went on to add, they are likely to remain weak until governments fighting the coronavirus outbreak deem it safe to travel.

Revenues have fallen by 12.7% during the first quarter to $745 million (593 million pounds) with adjusted EBITDA falling by 22.4% to 315 million pounds.

Heathrow stated, it had 3.2 billion pounds in liquidity – sufficient to maintain the business at least over the next 12 months even if there were no passengers.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy, Sustainability

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: