Oct 28, 2020

City Bulletin: Heathrow cedes title of Europe’s busiest airport to Paris CDG

Heathrow airport has been warning that failing to introduce airport testing to allow travellers to cut quarantine times is doing damage to the UK's aviation sector. Heathrow has been overtaken as Europe's largest airport by Paris Charles de Gaulle, according to Heathrow, which said Amsterdam Schiphol and Frankfurt were "Close behind". Heathrow's losses for the first nine months of the year have climbed to £1.5bn, with third-quarter passenger numbers still down 84 per cent and revenue down 72 per cent at £239m. In June Heathrow reckoned passenger numbers would be 29.2m this year and 62.8m in 2021, compared with 81m passengers in 2019. Even if further lockdowns are only local rather than national, sales in the final three months of Next's financial year could fall 8 per cent. Shop prices fell 1.2 per cent in the month compared with October 2019, with the contraction driven by non-food prices, down 2.7 per cent.

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