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Heathrow Airport raises passenger forecast for second time this year

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Heathrow Airport raises 2022 passenger forecast for a second time amid chaos of canceled flights

  • Heathrow now expects 54.4 million travelers to pass through the property this year
  • In December, British Airways’ hub forecast 45 million people for 2022
  • The airport warned that operating costs are expected to rise by almost half

London Heathrow has again raised its annual passenger forecast as it even continued to benefit from a resurgence in overseas travel.

Britain’s largest airport expects 54.4 million travelers this year, which would be about two-thirds the pre-pandemic level.

At the peak of the Omicron variant outbreak in December, the company had forecast a total of 45 million people for 2022, before increasing that number to 53 million last month after a significant surge in demand.

Improved outlook: London Heathrow now expects 54.4 million travelers to pass through the property this year, which would be about two-thirds of pre-pandemic levels

It expects revenues to more than double year on year to £2.59 billion, while adjusted underlying profits will rise 257 percent to £1.37 billion.

Still, the airport warned that operating costs are expected to rise by almost half as a result of investment measures and higher energy prices, driving up energy costs.

Heathrow flew 20.1 million passengers in the first five months of 2022, compared to just under 3 million last year when rules on cross-border travel were very prohibitive.

This sudden uptick in passenger numbers has often left the airport struggling to cope as staff shortages have resulted in long check-in queues and flight cancellations.

Two days ago, some 30 flights carrying up to 5,000 passengers were canceled at Heathrow after technical problems occurred in the baggage areas, which caused trolleys of unattended baggage to pile up outside the airport.

Prior to this week, many vacationers looking to get away from it all during the Platinum Jubilee biannual and Easter holidays were hit by long delays or canceled flights.

Problems: About 30 flights carrying up to 5,000 passengers were canceled at Heathrow Airport two days ago after technical problems occurred in the baggage areas

Problems: About 30 flights carrying up to 5,000 passengers were canceled at Heathrow Airport two days ago after technical problems occurred in the baggage areas

In an investor report published today, Heathrow admitted “resources remain tight” but said it was working with airlines, ground handlers and Border Force to minimize disruption ahead of the peak summer period.

It opened Terminal 4 last week, kept it closed to passengers for two years, hired more security officers, engineers and service personnel, and improved its use of automation to try to reduce wait times.

Heathrow CEO John Holland Kaye apologized to passengers who were inconvenienced during their travels, saying: “We’ve had 40 years of growth in just four months and that has put pressure on the entire airline industry.

“We are working hard to ramp up our operations before the peak summer peak with the same level of security guards this summer as in 2019, and we have reopened Terminal 4, which will serve more than 30 airlines by mid-term. July.

“Our operation plan is working and the vast majority of passengers have made good, predictable journeys.”

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