(Repeats Feb. 23 story without change to text to fix format issue) FY loss narrows to 684 mln stg Sees 2023 passenger numbers at upper end of range No dividend paid in 2022, none expected 2023 CEO says unclear on return to profitability By Sarah Young and Muvija M LONDON, Feb 23 (Reuters) – London’s Heathrow Airport, Britain’s main travel hub, expects passenger numbers this year to be at the upper end of its forecasts, as demand continues to bounce back after COVID restrictions despite business travel lagging. Heathrow, owned by Spanish group Ferrovial, Qatar Investment Authority and other investors, forecasts it will carry 58-73 million passengers in 2023, which is around 90% of pre-pandemic levels at the upper end of the range. Pent-up demand for leisure travel after three years of COVID-19 restrictions is driving passenger numbers, said Heathrow’s Chief Executive John Holland-Kaye on Thursday. "Business demand is probably the only area that is lower than we would have expected," he said. Business travellers represented 28% of passenger numbers during the final three months of 2022, compared with 32% in the same period pre-pandemic, he said. "What we’re seeing there, is a lot of consulting companies, banks, tech […]
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Invest The Invisible Impact
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Invest The Invisible Impact
