Britain’s Heathrow Airport has announced that it will be shrinking its operations with the aim to only keep open for some cargo and passenger flights during the Covid-19 crisis.
Heathrow has warned its financial performance would be severely affected by the current situation. Europe’s busiest airport, said it would cut costs to preserve.
“With travel bans proliferating and passengers being unwilling to fly, traffic through airports has plummeted. UK airports are taking immediate and drastic action to cut costs and are scaling back investments in light of the situation,” warned AOA chief executive Karen Dee.
Heathrow has said that it had a 12-month liquidity horizon through cash and committed facilities of 3.3 billion pounds available.
Britons have been advised to stay at home as much as they can to prevent the spread of the illness, but have not been told they are unable to leave their homes like people in Italy, Spain and France.
