• Sunday, November 27, 2022

Business

Heathrow says Ukraine, fuel prices ratchet up uncertainty

Heathrow, the UK’s largest airport, said it had not seen as many passengers return last month as it expected. (Photo by Hollie Adams/Getty Images)

By: Chandrashekar Bhat

LONDON’S Heathrow said concerns from US travellers over the war in Europe, longer flight times to avoid closed airspace, and higher fuel prices had added to lingering worries about Covid-19, creating “huge uncertainty” over the recovery in flying.

The UK’s largest airport said it had not seen as many passengers return last month as it expected, with 2.8 million passengers travelling through the hub, just over half of pre-pandemic levels and 15 per cent below its forecast.

 

LONDON'S Heathrow Airport
LONDON’S Heathrow Airport

Heathrow CEO John Holland-Kaye said: “Aviation’s recovery remains overshadowed by war and Covid uncertainty.”


MORE ON RUSSIA-UKRAINE WAR

Ukraine’s Zelenskyy urges Britain to ‘do more to help’

Andy Murray to donate prize money to help Ukrainian children

Estimated Loss 

Deaths – Atleast 13 K

Property Damage – US$119B

(From Reuters : 3/11 & 13:51 London, UK)


The airport said outbound traffic was recovering strongly but demand from inbound leisure and business travel remained suppressed by Covid-19 testing and quarantine requirements in place in nearly two-thirds of the markets it served.

While we hope that these will be removed, we also face headwinds from higher fuel prices, longer flight times to destinations impacted by airspace closures, concerns from US travellers over war in Europe and the likelihood of new ‘Variants of Concern’, which together create huge uncertainty over the passenger forecasts this year,” it said.

(Reuters)

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