Heathrow Airport Shelves Plan for Third Runway

A strong Q4 performance helped the airport reach their first adjusted profit in four years with £38 million adjusted profit before tax. (Reuters)
A strong Q4 performance helped the airport reach their first adjusted profit in four years with £38 million adjusted profit before tax. (Reuters)
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Heathrow Airport Shelves Plan for Third Runway

A strong Q4 performance helped the airport reach their first adjusted profit in four years with £38 million adjusted profit before tax. (Reuters)
A strong Q4 performance helped the airport reach their first adjusted profit in four years with £38 million adjusted profit before tax. (Reuters)

London’s Heathrow Airport is shelving plans to add a third runway and will examine other options to handle more passengers, The Sunday Times of London reported.

Chief executive Thomas Woldbye has begun the processing of disbanding a team focused on the project, the newspaper said, citing sources it didn’t name.

The airport, which saw passenger numbers rise about 29 percent to 79.2 million in 2023, will review proposals including extending the use of buses to deliver travelers to aircraft and other measures to boost runway efficiency, according to the report.

Heathrow Airport is “looking at how we can optimize the current airport to achieve short-term growth within our current infrastructure.

A strong Q4 performance helped the airport reach their first adjusted profit in four years with £38 million adjusted profit before tax.

Behind-the-scenes investments are underway across the airport to boost passenger experience and operational resilience. Heathrow Airport are upgrading 146 security lanes as part of their £1 billion investment in next generation security equipment, and have appointed a lead contractor to replace the T2 baggage system.

“2023 was a good year for Heathrow from a challenging start to a great finish – We delivered much improved service for our customers, and managed to turn a small profit after three consecutive years of losses,” said Woldbye.



Turkish Central Bank to Use All Instruments to Maintain Stability, Governor Tells Bank Executives

A police officer looks on from a vehicle, as people gather for a protest in support of Istanbul Mayor Ekrem Imamoglu, on the day Imamoglu was jailed as part of a corruption investigation, near the Istanbul Metropolitan Municipality building, in Istanbul, Türkiye, March 23, 2025. REUTERS/Murad Sezer
A police officer looks on from a vehicle, as people gather for a protest in support of Istanbul Mayor Ekrem Imamoglu, on the day Imamoglu was jailed as part of a corruption investigation, near the Istanbul Metropolitan Municipality building, in Istanbul, Türkiye, March 23, 2025. REUTERS/Murad Sezer
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Turkish Central Bank to Use All Instruments to Maintain Stability, Governor Tells Bank Executives

A police officer looks on from a vehicle, as people gather for a protest in support of Istanbul Mayor Ekrem Imamoglu, on the day Imamoglu was jailed as part of a corruption investigation, near the Istanbul Metropolitan Municipality building, in Istanbul, Türkiye, March 23, 2025. REUTERS/Murad Sezer
A police officer looks on from a vehicle, as people gather for a protest in support of Istanbul Mayor Ekrem Imamoglu, on the day Imamoglu was jailed as part of a corruption investigation, near the Istanbul Metropolitan Municipality building, in Istanbul, Türkiye, March 23, 2025. REUTERS/Murad Sezer

Türkiye's Central Bank will use all instruments within market rules effectively and decisively to maintain stability, Governor Fatih Karahan told bankers on Sunday, the Turkish Banks Association (TBB) said.
In a statement, TBB said that Karahan and TBB board members discussed recent market developments in a meeting on Sunday, after an Istanbul court formally arrested Istanbul Mayor Ekrem Imamoglu.
Turkish lira, stocks and bonds suffered heavy declines since Wednesday when Imamoglu, the main political rival to President Recep Tayyip Erdogan, was taken into custody.

Finance Minister Mehmet Simsek has told bankers that temporary market fluctuations were being monitored closely and necessary measures were being taken, according to a readout of a meeting from TBB.
The Central Bank this week raised its overnight rate unexpectedly and spent about $10 billion in foreign reserves on Wednesday to stabilize the currency, which plunged by 12% to an all-time low that day. Inflation was 39% last month.