London's Heathrow airport dived into a pre-tax loss of £ 2 billion last year, a result that "underlines the devastating impact of Covid-19 on aviation", it said Wednesday. Despite remaining one of the world's largest airports, Heathrow was last year overtaken by Paris Charles de Gaulle as Europe's top hub in terms of passenger numbers. London's Heathrow airport dived into a pre-tax loss of £2 billion (R41.3 billion) last year, a result that "underlines the devastating impact of Covid-19 on aviation", it said Wednesday. The loss, equivalent to $2.8 billion or 2.3 billion euros, reflected a 73% plunge in passenger numbers, Heathrow said in a statement. The airport, one of the world's busiest hubs, recorded a pre-tax profit of £546 million in 2019.

Source: News 24 February 24, 2021 19:52 UTC