Heathrow reports Q1 2023 loss despite passenger traffic rise

London Heathrow Airport claimed a strong start to 2023 as its 16.9 million passengers  left it as Europe’s busiest airport and second in the world for international travel. The airport said it “remains loss-making”, meaning it cannot “forecast any dividends in 2023 “, despite a 74% passenger traffic rise compared to Q1 2022. Adjusted losses of £139 million in Q1 2023 were “due to the revenue allowance in the CAA’s H7 settlement being set too low”, the airport said, adding that it has appealed the settlement. Revenue climbed 57.8% year-on-year (y/y) to £814 million, the airport authority reported, with the