‘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 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 …
