Airport disruption costing UK £3.2m per hour
Analysis by Grant Thornton calculates financial cost of failed terror plot
The cost of the disruption to UK travel by the massive terrorist plot
uncovered by police has been calculated by mid-tier firm Grant Thornton at £3.2m
Maurice Fitzpatrick, business analyst at Grant Thornton, commented: ‘Today’s
disruption is likely to cost the UK economy at least £3.2m for every hour of
delay, through lost productivity. For an average delay of 3 hours, UK plc could
lose £10m per day.’
Fitzpatrick said this figure would rise dramatically due to lost tourism
revenue as incoming flights are cancelled and as a result of the expected
downturn in foreign visitors.
700,000 passengers use UK airports everyday.