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

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