Heathrow records lowest annual passenger numbers for nearly 50 years
Heathrow has recorded its lowest annual passenger numbers for nearly 50 years.
Bosses are describing 2021 as "the worst year in Heathrow's history" and do not expect demand to return to pre-pandemic levels until around 2025 or 2026.
Just 19.4 million people travelled through the airport last year, down 12.3% on the previous 12 months.
It represents the lowest annual total since 1972.
Heathrow said it was the only hub airport in Europe to see a reduction in passenger numbers in 2021, due to the UK’s tougher coronavirus travel rules.
European hub airports which recorded a year-on-year increase in passengers in 2021 include Frankfurt (up 32.2%), Amsterdam's Schiphol (up 22.0%) and Paris Charles de Gaulle (up 17.7%).
The airport blamed its poor performance compared to European rivals on the UK’s tighter restrictions on international travel.
Quarantine hotels remained in operation in the UK for several months after they were scrapped in most other European nations, putting many people off travelling abroad.
Later in 2021, the UK was the only country in Europe requiring both a pre-departure test and post-arrival test for all arrivals, regardless of vaccination status.
Cost savings of £870 million were achieved in the past two years, but pre-tax losses still came in at £3.8 billion due to high fixed costs and low passenger numbers.
Bosses said they are hopeful for a strong summer rebound, contributing to 45.5 million passengers using the airport this year.
However, they reported lower-than-expected passenger numbers in January and February.
Chief executive John Holland-Kaye described 2021 as "the worst year in Heathrow's history."
He said he does not expect demand to return to pre-pandemic levels until around 2025 or 2026.
"I think it'll take a long time because of course we're a global hub airport, so it's not about just the rules for travel in the UK, it's about other countries as well.
"Today, two-thirds of all the markets we fly to have some kind of travel restriction in place, testing or quarantine.
"To get back to normal we need all of those to be removed and no chance of a handbrake turn with new restrictions being brought in when there's variants of concern.
Mr Holland-Kaye said he thinks it will "take a while still" for the pandemic to run its course.
But he added that demand is "starting to recover" and the airport is working with airlines to "scale up our operations".
"We're excited to welcome more passengers back to Heathrow to experience the joys of travel and get Britain's economy firing on all cylinders again."
Terminal 4 will be reopened by July for the peak summer season when passenger numbers are expected to increase.