Heathrow Airport says it will take steps to reorganise and shrink its operation to remain open throughout the Coronavirus (Covid-19) crisis.
Keeping Heathrow open will enable some passenger services to continue, as well as facilitating cargo operations.
The Airport also says that to safeguard the financial resilience of the business, they are taking a number of steps, include reducing operating costs, cancelling executive pay, freezing recruitment and reviewing all capital projects. The management team are reviewing further actions which can be taken if required and as the situation continues to develop.
The UK Government has also confirmed that it will provide support for the UK aviation sector – including airlines and airports.
The airport says prudent management over the past decade means that they are “well funded and in a robust financial position, with cash and committed facilities available of £3.3 billion designed to maintain at least a 12-month liquidity horizon”.