A stocktake on the financial health of Heathrow
Robert Boyle Robert Boyle

A stocktake on the financial health of Heathrow

Heathrow airport threatened dire consequences if the CAA didn’t back down on proposals to cut its fees by 20% in real terms. Now that the changes have come into effect, what has the impact been in reality?

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Heathrow Results for 2023
Airport Results Robert Boyle Airport Results Robert Boyle

Heathrow Results for 2023

Heathrow pitched its results for 2023 as “barely profitable”. Last year, I predicted a bumper set of results due to an overly generous CAA interim settlement and a strong passenger recovery. Which version of the truth better reflects reality?

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Heathrow’s 2022 results
Airport Analysis, Airport Results Robert Boyle Airport Analysis, Airport Results Robert Boyle

Heathrow’s 2022 results

Heathrow airport recently published its full year results for 2022. On an unadjusted basis, it was the first full year profit since 2019. But the airport preferred to highlight an adjusted loss before tax of £684m, mindful of its ongoing row with its regulator the CAA about airport charges. How did the results stack up against pre-pandemic levels? And what might the CAA’s new charges mean for future profitability?

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Heathrow pushed into big losses in Q2
Airport Analysis Robert Boyle Airport Analysis Robert Boyle

Heathrow pushed into big losses in Q2

Heathrow airport announced big losses in the second quarter, taking losses so far this year to over £1 billion. I looked behind the headline figures to see what the results tell us about what has being going on at the UK’s biggest airport in the middle of the worst aviation downturn in history.

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