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Heathrow Public
Steer’s Initial technical and cost efficiency assessment of capex expansion
plans for Heathrow Airport
• The CAA’s draft decision proposal to award costs to HWL up to November 2025 is based
on an assessment of HWL’s scheme feasibility conducted by Steer in Autumn 2025
Last updated: 29 July 2026
1
Economic regulation of Heathrow Airport Limited:
working paper on financial resilience & ring fencing
1.
Last updated: 03 November 2021
1
British Airways plc
Waterside
PO Box 365
Harmondsworth UB7 0GA
Civil Aviation Authority
Westferry Circus
Canary Wharf
London EH14 4HD
cc: economicregulation@caa.co.uk
28th April 2023
British Airways Response to CAP2524G
Economic regulation of Heathrow Airport Ltd
Draft guidance on capital expenditure governance
Thank you for the opportunity to respond to your latest consultation on the Economic
Regulation of Heathrow; we set out below our views on the Civil Aviation Authority’s (“CAA”)
proposals and implications for the wider policy environment.
Last updated: 25 October 2023
Introduction
Heathrow Airport Ltd (HAL) commissioned NERA Economic Consulting (NERA) to
undertake a review of international precedent on allowed return on equity for regulated
companies.
Last updated: 04 November 2021
HAL Heathrow Airport Ltd (who are responsible for the operation of
the NTK system at Heathrow Airport).
Last updated: 01 October 1996
SG noted that at Heathrow passengers are ‘funnelled’ towards the Heathrow Express
rather than possibly better value options, such as the Underground.
Last updated: 09 June 2022
This is
primarily an issue at Heathrow, though it does present at other larger airports too.
Last updated: 09 April 2026
Like-for-like fares
between Heathrow and Gatwick are not systematically higher once airport charges are controlled for.
Last updated: 23 July 2026
January 19, 2026
Sent via email to: economicregulation@caa.co.uk
Subject: Response to CAP3195 Consultation – Heathrow Airport Regulation
Dear Sir/Madam,
Air Canada welcomes the opportunity to respond to this consultation and commends the CAA for
initiating a review of Heathrow’s regulatory model.
Last updated: 13 March 2026
Other airports have been noted
such as Norwich, Heathrow, Birmingham, and East Midlands.
Last updated: 03 November 2021
