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Airport financials, year end 2020 - grim but not disastrous

Premium Analysis A trickle of annual reports and financial statements for airport operators is turning to a flood as the end of Feb-2021 is reached. They make for grim reading, as expected. But it is not disastrous. None are saying that they are on the verge of going bust. One big operator, which last year was talking in terms of having sufficient liquidity until the summer of this year, now cites 2023 instead. There has been recapitalisation and cost-cutting as operators adapt to the ‘new normal’. Multiple vaccine availability gives cause for hope. The main message coming out of these reports, though, is that no two sets of circumstances are alike, which is why a few operators are able to carry on much as normal, while others (the majority) are a shadow of what they once were.

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Puzzling new fee: All flights from Heathrow Airport are now $12 more expensive

All flights from Heathrow Airport are now $12 more expensive Feb 9, 2021 This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page. All flights departing from London Heathrow appear to have a new fee that you can expect to shell out for your next flight. The new £8.90 (about $12.26) fee shows on all flights departing from Heathrow, regardless of the airline or class of service. But, what’s it for? The airport told TPG in a statement that it’s used for certain services offered at Heathrow. This, as opposed to helping the airport recover from its COVID-19-related losses.

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