Pandemic plunges Britain’s Heathrow Airport to $2.8 billion loss

Britain’s Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic.

The airport’s head said that Britain could become the first country to resume mass international travel, building on its early roll-out of coronavirus vaccinations, Bloomberg reported.

Chief Executive Officer John Holland-Kaye said Prime Minister Boris Johnson’s tentative plan to resume flights as early as May 17 gives the nation a chance to get people flying before rival economies, Bloomberg reported.

Heathrow called on the government to agree a common international travel standard to allow travel to restart in the summer and to provide tax breaks for airports to help them ride out the crisis.

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