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Luton Council hit by airport’s Covid-19 financial troubles

Airports

Andrew Foster
13 July 2020
Luton Airport: no dividend
Luton Airport: no dividend

 

Luton Borough Council and its airport London Luton Airport Ltd (LLAL) are facing huge financial pressures caused by the collapse of air travel during the Covid-19 pandemic.

The council owns 100 per cent of the shares in the airport and normally receives a substantial dividend payment that helps pay for council services. Covid-19 has prompted the airport’s board to cancel dividend payments for 2020/21 and 2021/22. This has prompted the council to launch a major cost-cutting programme,...

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