"Heathrow Airport reported that passenger numbers for the rest of the year are likely to be impacted whilst there is significant uncertainty in the Middle East, following the outbreak of the Iran war."
"In the first quarter of the year, Heathrow's revenue increased by 2.3% from a year ago to 844 million, driven by rises in passenger numbers and food and beverage sales."
"Sally Ding, the airport's chief financial officer, mentioned that the airport is currently 'full' and is ready to progress its plan to build a third runway with the right regulatory framework and Government policy in place."
Heathrow Airport expects passenger numbers to decline for the remainder of the year due to the Iran war. In the first quarter, 18.9 million passengers traveled through the airport, a 3.7% increase year-on-year. However, uncertainty in the Middle East is likely to affect future travel. Airspace closures have significantly impacted air travel, with many avoiding flights to the region. Despite a 2.3% revenue increase to 844 million, operating costs rose by 6.5%. The airport's CFO stated they are ready to advance plans for a third runway with appropriate regulatory support.
Read at www.bbc.com
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