"We will examine the CAA’s proposals for Heathrow’s Q6 regulatory settlement carefully over the coming weeks before responding fully. As the UK’s only hub airport Heathrow is a strategically important national asset. To stay competitive with overseas hubs like Amsterdam, Paris, Frankfurt and Dubai, Heathrow has invested £11 billion over the last ten years in new facilities such as Terminal 5 and the new Terminal 2 and passengers say they notice the difference. Over the same period returns to shareholders have fallen well below the level anticipated by the regulator.
“Our first impression is that a 5.35% return on capital will put passenger service at risk by not attracting the necessary investment in Heathrow for the short, medium and long term. We, and everyone interested in the health of our country's transportation infrastructure, must consider whether this is a risk worth taking."
ENDS
