Heathrow has announced that its cumulative losses from the Covid-19 pandemic have hit £2.9 billion (€3.39 billion).
Fewer than four million passengers travelled through the west London airport in the first half of the year. It took just 18 days to reach that total in 2019.
The airport warned that its passenger numbers could be lower this year than in 2020.
Some 22.1 million passengers used the airport in 2020, with more than half of those travelling in January and February, before the pandemic led to a collapse in demand.
Heathrow described recent changes to the quarantine and testing requirements for people arriving in the UK as “encouraging”, but warned that the rules were “holding back the UK’s economic recovery”.
The airport’s chief executive, John Holland-Kaye, said: “The UK is emerging from the worst effects of the health pandemic, but is falling behind its EU rivals in international trade by being slow to remove restrictions.
“Replacing PCR tests with lateral flow tests and opening up to EU and US vaccinated travellers at the end of July will start to get Britain’s economic recovery off the ground.”
In an interview on Times Radio, he asked: “Where is the vaccine dividend?”
He noted that EU countries had opened up for travel between each other and from the US.
The UK’s department for transport has committed to holding a formal review of the traffic light system “no later” than Saturday.
Asked about some arriving passengers facing two-hour queues over the weekend, Mr Holland-Kaye said they were “caught out by a combination of Border Force officers being pinged and some of the e-gates not working”.
He went on: “Most people going through the border at Heathrow are having a very good experience, they’re getting through in a few minutes. That is the norm.
“I’d just apologise to those passengers who were caught up on Saturday.”
A vast number of people are being "pinged" as Covid contacts by the NHS app, and told to self-isolate.
Heathrow’s revenue dropped from £712 million in the first six months of 2020 to £348 million in the opening half of this year.
Meanwhile, pretax loss widened 18 per cent to a little over £1 billion.