Airlines and Businesses Call for Overhaul of Heathrow's Regulatory Model
Concerns over high passenger charges, inefficiency, and declining service prompt demands for reform before airport expansion proceeds.
- Major airlines and businesses, including Virgin Atlantic and British Airways' parent company IAG, have urged the Civil Aviation Authority (CAA) to review Heathrow's regulatory framework, citing inefficiencies and excessive costs.
- Heathrow is criticized for being the world's most expensive airport, with passengers and airlines paying £1.1 billion more annually compared to similar European airports.
- The proposed third runway, projected to cost over £14 billion, is expected to increase passenger charges further, intensifying concerns about affordability and value for money.
- Critics argue that Heathrow's current regulatory model encourages inefficient overspending, with over £15 billion spent on capital projects in two decades, resulting in limited improvements to passenger experience.
- The campaign for reform highlights the need for a more competitive and efficient Heathrow to support the UK's economic growth, long-haul connectivity, and trade opportunities.