Heathrow weighs revival of third runway after return to profit
10 months ago

Heathrow weighs revival of third runway after return to profit

The Telegraph  

Heathrow is plotting to revive its controversial third runway project after the airport posted its first profit since the pandemic. Europe’s busiest airport is in the process of refreshing its expansion plans in the wake of a strong return to travel post-pandemic. Heathrow reported adjusted profit before tax of £38m last year, a considerable upswing following losses of £684m in 2022. Chief executive Thomas Woldbye, who replaced long-standing boss John Holland-Kaye in October 2023, said: “Obviously, the buoyant market and willingness to travel is important because that supports the business case for a third runway.

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History of this topic

Virgin Atlantic eyes Gatwick return as it gives up on Heathrow third runway
6 months, 2 weeks ago

Virgin Atlantic eyes Gatwick return as it gives up on Heathrow third runway

The Telegraph  

Sir Richard Branson’s Virgin Atlantic is examining a return to Gatwick and flights from regional airports such as Bristol after giving up hope of a third runway at Heathrow before the end of the decade. He said: “I think we’ve got to rule out a third runway, which leaves either the acquisition of slots at Heathrow or flights from Gatwick …

Inside the revolution at ‘incompetent’ Heathrow
9 months, 2 weeks ago

Inside the revolution at ‘incompetent’ Heathrow

The Telegraph  

‘Cash cow’ Critics accuse successive governments of wrongly allowing this country’s biggest airport to become a cash cow to be milked by overseas shareholders at the expense of much-needed investment. More hopeful players believe the arrival of new shareholders led by Saudi Arabia’s ambitious ruler Crown Prince Mohammed bin Salman, together with the appointment of Woldbye, could herald a renaissance …

Heathrow airport makes first profit in three years but warns of ‘tough choices’ on investment
10 months ago

Heathrow airport makes first profit in three years but warns of ‘tough choices’ on investment

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Heathrow’s new chief executive, Thomas Woldbye, said: “We delivered much improved service for our customers, and managed to turn a …

Heathrow third runway plans to be shared ‘in the new year’
1 year, 1 month ago

Heathrow third runway plans to be shared ‘in the new year’

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The airport says the UK would benefit from expansion: “By expanding Heathrow, the UK’s only hub airport, we would be …

Heathrow’s third runway expansion in the hands of private sector, minister says
1 year, 1 month ago

Heathrow’s third runway expansion in the hands of private sector, minister says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Transport minister Jesse Norman told the Commons the third …

Heathrow eyes revival of third runway as it cuts losses
1 year, 1 month ago

Heathrow eyes revival of third runway as it cuts losses

The Telegraph  

Heathrow’s long-running battle to build a third runway could be renewed, its finance chief has suggested. Javier Echave, Heathrow’s chief financial officer, said expansion will be a key priority for new chief executive Thomas Woldbye, who replaced John Holland-Kaye earlier this month. “With the arrival of our new chief executive, it is probably at the top of his list in …

Heathrow Airport narrows losses after ‘year of recovery’
1 year, 10 months ago

Heathrow Airport narrows losses after ‘year of recovery’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Heathrow Airport narrowed its losses …

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