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Consumers and Markets Group
Economic regulation of Heathrow Airport
Limited: working paper on financial resilience
and ring fencing
CAP1832
Published by the Civil Aviation Authority, 2019
Civil Aviation Authority,
Aviation House,
Gatwick Airport South,
West Sussex,
RH6 0YR.
Last updated: 15 August 2019
CONFIDENTIAL
Mr Mark Clifton
Civil Aviation Authority
Westferry Circus
Canary Wharf
London EH14 4HD
By email: economicregulation@caa.co.uk
28 January 2025
Dear Mark,
Re: Vueling’s response to the CAA review on the Terminal Drop Off Charge (TDOC)
We appreciate the opportunity to respond to the CAA's review of TDOC revenue allowances for the H7
price control period by Heathrow Airport Limited (HAL).
Last updated: 25 March 2025
Re: CAP 1966 – Economic Regulation of Heathrow Airport Ltd: response to its request for a Covid-
19 related RAB adjustment
Chief of Staff, MAG
Last updated: 03 November 2021
Cost of capital for the rollover of the Q6 determination into H7
The real vanilla WACC range proposed by PwC under the H7 ‘as is’ scenario (3.0% to 3.9%),
is lower than the Q6 price control WACC set for Heathrow Airport (4.65%).
Last updated: 02 November 2021
Guidance on Other Regulated Charges (ORC)
protocols and dispute resolution for Heathrow
Airport
CAP2591
Published by the Civil Aviation Authority, 2023
Civil Aviation Authority
Aviation House
Beehive Ring Road
Crawley
West Sussex
RH6 0YR
You can copy and use this text but please ensure you always use the most up to date version and use it in
context so as not to be misleading, and credit the CAA.
Last updated: 21 September 2023
Affordability is not the same as a certain airport charge – although Heathrow agrees
that competitive airport charges are important.
Last updated: 04 November 2021
After stripping out the part of the fare that
reflects Heathrow’s higher airport charges, it finds no systematic Heathrow fare premium for
overseas carriers (OBS, Figures 3–4).
Last updated: 29 July 2026
First published 2019
The work reported herein was carried out under a contract placed on 11 July 2018 by
Heathrow Airport Limited.
Last updated: 28 January 2019
WP05 Heathrow Airport Customer Valuation Research.
Last updated: 05 June 2026