Heathrow airport has warned that air travel may not recover to pre-Covid levels until 2026 despite improving passenger numbers in the past three months, as it reported that losses since the start of the pandemic have reached £3.4bn.
The airport said international travel could be “on the cusp of a recovery” but it faced a “long road ahead”.
Heathrow reported its first quarter of passenger growth since the start of the pandemic as the loosening of restrictions begins to unleash pent-up demand.
Passenger numbers in the three months to the end of September recovered to 28% of pre-pandemic levels, while cargo climbed to 90% of its levels in the equivalent period in 2019.
Despite the increase in recent months, Heathrow’s losses have grown over the
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