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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
GATWICK AIRPORT LIMITED, DESTINATIONS PLACE, GATWICK AIRPORT, WEST SUSSEX, RH6 0NP
www.gatwickairport.com Registered in England 1991018.
Last updated: 04 November 2021
Meetings were held with Manchester Airports Group, Easyjet, Luton
Airport, Gatwick Airport, Heathrow Airport, British Airways and Airport
Coordination Limited (ACL).
Last updated: 07 July 2017
• The product is of its time and is out of keeping for an airport of LHR’s standing in the 21st century with the throughput rates that Heathrow experiences
Last updated: 30 June 2022
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
comparators 22
Executive Summary
NERA Economic Consulting i
Executive Summary
Heathrow Airport Ltd commissioned NERA Economic Consulting (NERA) to estimate the
cost of equity for Heathrow airport for the H7 price control period, which will set charge caps
at Heathrow airport for the period 1 January 2021 to 31 December 2025.
Last updated: 02 November 2021
Introduction
• In our February 2025 submission, Heathrow Reimagined set out the
urgent need for reform of the regulatory regime at Heathrow, noting:
o The Jacobs’ annual Review of Airport Charges shows that
Heathrow is the most expensive airport in the world and that the
value for money it provides its users is poor and declining.
Last updated: 25 November 2025
Consumers and Markets Group
Economic regulation of Heathrow Airport Limited:
response to its request for a covid-19 related RAB
adjustment
CAP 1966
Published by the Civil Aviation Authority, 2020
Civil Aviation Authority,
Aviation House,
Beehive Ring Road,
Crawley,
West Sussex,
RH6 0YR.
Last updated: 09 October 2020
In our ‘Strategic themes for the review of Heathrow
Airport Limited’s charges (H7)’, we said, in the context of engaging
consumers in the next price for Heathrow airport, that airlines' commercial
interests may not always be aligned with the interests of passengers, and
that the interests of consumers and airlines may diverge.22
22 CAP1383a 'Strategic themes for the review of Heathrow Airport Limited’s charges (“H7”) –
Technical Appendices’ March 2016, paragraph 5.6, which is available from
CAP 1432 Chapter 4: Test B – Adequacy of competition law
August 2016 Page 40
4.10 However, we agree that for Test B, it is more appropriate to present our
general approach in the context of our statutory duties.
Last updated: 17 August 2016
The Panel suggested the CAA use
an approach similar to the regulation of Heathrow Airport Limited.
Last updated: 09 June 2022