London Heathrow blames airport fee cap as losses continue
Despite posting a 74% surge in passenger traffic, London Heathrow still made a first quarter loss.
The airport narrowed its losses but blamed the CAA’s price cap for not generating more revenue.
It announced adjusted pre-tax losses of £139m, down from £223m last year.
It bemoaned ‘the revenue allowance in the CAA’s H7 settlement being set too low.’
‘The CAA has made clear errors, which will undermine the investment needed to deliver the airport service,’ it said.
The airport says it will appeal the airport fee cap, which it says is too low.
British Airways and Virgin Atlantic are also appealing for the opposite reason.
Still, revenues increased by 57% to £814m.
“2023 has got off to a strong start. We are building our route network to connect all of Britain,” said CEO John Holland-Kaye.
It also cited recent industrial action at the airport.
“Our robust contingency plans kept the airport running smoothly throughout a period of industrial action over the Easter peak.”
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.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps