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Oct. 30, 2020, 7:31 a.m. EDT

Heathrow boss hopeful of London-New York air bridge by Thanksgiving

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By Lina Saigol and Callum Keown

The boss of Heathrow Airport has urged the U.K. government to speed up talks with the U.S. over creating a “pilot air bridge” in time for Thanksgiving on Nov. 26.

“We can absolutely do that,” Heathrow Chief Executive John Holland-Kaye told the BBC .

“There is momentum on the U.S. side — they want to start opening their borders again; I think there’s a preference that the U.K. should be the first market to open up again. We know the U.K. government is keen to do to that.”

Read:  Come back, Americans: Urgent calls for U.S.-U.K. air bridge with airlines hit by fresh lockdown fears

His comments came as Heathrow revealed that it has lost its position as Europe’s busiest airport for the first time, after being overtaken by Paris Charles de Gaulle Airport, following the unprecedented slump in global demand for air travel.

The London airport reported an 84% fall in passenger numbers for the three months to September, as the company’s losses widened to £1.5 billion ($1.94 billion) so far in 2020.

Around 19 million passengers used Heathrow in the first nine months of the year, down 69% from 61 million in the same period last year. That compares with 19.3 million passengers who used Charles de Gaulle in the French capital, a 67% fall from the 58 million it had in 2019.

Amsterdam Schiphol and Frankfurt were close behind, Heathrow said in a trading statement, adding that all three continental rivals have implemented testing regimes.

Read: United Airlines tests COVID-19 ‘health pass’ to kick-start global travel again

Holland-Kaye said the U.K. was falling behind because it has been too slow to embrace passenger testing.

“European leaders acted quicker and now their economies are reaping the benefits. Paris has overtaken Heathrow as Europe’s largest airport for the first time ever, and Frankfurt and Amsterdam are quickly gaining ground,” he said.

“Bringing in pre-departure COVID tests and partnering with our U.S. allies to open a pilot air bridge to America will kick-start our economic recovery and put the U.K. back ahead of our European rivals,” he said in a statement.

He welcomed the plans by the government’s Global Travel Taskforce to look at introducing testing for passengers from high-risk countries by Dec. 1, reducing the 14-day  quarantine period.

But he said the industry needed a commitment that this would happen.

Last week, Heathrow launched the U.K.’s first pre-departure testing facility, allowing passengers flying from Heathrow to Hong Kong and Italy to get rapid COVID-19 tests before checking in.

The test, which can be booked online, costs  £80  ($104), and results are available within 60 minutes.

International Consolidated Airlines  /zigman2/quotes/208070069/delayed UK:IAG -3.57% -owned British Airways, Virgin Atlantic (49% owned by Delta Air Lines  /zigman2/quotes/200327741/composite DAL +0.07% ), and Cathay Pacific /zigman2/quotes/203532437/delayed HK:293 +0.41% are the first airlines to offer the testing facility. 

Heathrow’s revenue in the third quarter fell 72% to £239 million compared with the same period in 2019. The airport said passenger numbers are now forecast to be 22.6 million in 2020 and 37.1 million in 2021, compared with its June forecast of 29.2 million and 62.8 million, below the 81 million in 2019.

Read: Almost 200 European airports face insolvency, trade body warns

The results come just a day after industry trade body ACI Europe warned that nearly 200 airports in Europe will face financial collapse in the coming months, if passenger traffic doesn’t recover by the end of the year.

ACI Europe said the top 20 European airports have added €16 billion of debt , equivalent to nearly 60% of their revenues in a normal year, as they turn to the financial markets to shore up balance sheets and build emergency war chests to weather the crisis.

In October, Heathrow raised an additional £1.4 billion in the global bond markets.

/zigman2/quotes/208070069/delayed
UK : U.K.: London
164.65 p
-6.10 -3.57%
Volume: 33.05M
Nov. 26, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
6.36%
Market Cap
£8.48 billion
Rev. per Employee
N/A
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 41.29
+0.03 +0.07%
Volume: 14.59M
Nov. 25, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$26.33 billion
Rev. per Employee
$516,549
loading...
/zigman2/quotes/203532437/delayed
HK : Hong Kong
HK$ 7.40
+0.03 +0.41%
Volume: 7.16M
Nov. 26, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$47.44 billion
Rev. per Employee
HK$4.27M
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