In response to the CAA’s decision for the H7 period (January 2022 to December 2026), Heathrow Airport stated that it would be appealing this ruling. The regulator had previously declared that charges for 2023 would remain fixed, resulting in a decrease of approximately 20% to 25.43 pounds ($32.81) in the average maximum price per passenger in 2024 compared to GBP31.57 in 2023. Furthermore, the CAA asserted that these prices would “broadly flat” remain until the end of 2026.
Despite these challenges, Heathrow Airport reported a surge in revenue for H1 2022, reaching GBP1.74 billion compared to GBP1.28 billion in the same period last year. Moreover, pretax profit also increased from GBP263 million to GBP279 million.
When considering the adjusted pretax loss, which excludes exceptional and one-off items, the airport recorded a loss of GBP139 million for H1 2022, a significant improvement from the GBP321 million loss from the previous year.
Another positive indicator for Heathrow Airport was the rise in passenger numbers during the first half of this year. The airport welcomed 37.1 million passengers, a notable increase compared to 26.1 million during the same period in 2021.