UK's BAA reportedly expects to have lost at least GBP40 million in revenue from the four-day closure of London Heathrow Airport (Reuters, 28-Dec-2010). The airport operator also lost GBP40 million earlier this year during the shutdown of European airspace due to volcanic ash. BAA responded to the reports stating it is yet to make an official estimate of the costs.
BAA expects similar losses from snow closure as ash incident
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The publication of Virgin Atlantic's 2016 annual report in late Mar-2017 demonstrated that its profitability is improving, but remains very slim in margin terms.
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