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BAA warns on Heathrow traffic as losses increase

first_img BAA warns on Heathrow traffic as losses increase Show Comments ▼ whatsapp Tags: NULL BRITISH airports operator BAA scaled back its forecasts for passenger traffic at Heathrow during the peak summer season and said higher interest costs pushed it deeper into the red in the first-quarter, wiping out the benefits of revenue increases and lower costs.BAA, majority owned by Spanish infrastructure group Ferrovial , said yesterday that its outlook for passenger traffic at Heathrow was more cautious, reflecting “an expectation of somewhat lower traffic than previously projected over the peak summer season”.It said higher retail income from duty free shops, restaurants and car parking should limit the damage.The warning on Heathrow traffic volumes came as BAA posted a pre-tax loss for the first three months of the year of £211.5m – worse than the £195.5m posted a year earlier. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Wednesday 27 April 2011 7:59 pm Share KCS-content last_img read more