Heathrow warns of lower passengers and profits as Middle East conflict hits traffic
Heathrow has said passenger numbers and profits are set to fall this year because the conflict in the Middle East is weighing on air travel demand. The airport, which describes itself as Europe's busiest, said the regional violence is creating notable downward pressure on traffic. It added that the impact could extend beyond the region and affect global travel demand for the rest of the year.In its latest investor report, Heathrow forecast a 1.1% decline in total passengers to 83.6 million. It also said profits are expected to fall by £147 million year on year, and by £60 million compared... [Continue Reading]
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