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HAL considered that the CAA’s
proposed WACC of 5.35% was flawed and did not accurately
represent Heathrow’s risk profile.
4.4 The Heathrow Airline Community welcomed the CAA’s consideration
of the CC’s NIE investigation and its subsequent downward revision of
the TMR.
Last updated: 01 February 2014
Heathrow Airport Ltd (HAL) has agreed to the proposed changes.
Last updated: 23 November 2021
The report was commissioned by Heathrow Airport Limited and undertaken by KPMG LLP during
October and December 2024.
Last updated: 13 March 2026
She also obtains similar results using
Heathrow bonds instead.
Last updated: 16 November 2021
Other costs
4.73 CTA produced a range of estimates for Passengers Requiring Support (PRS)
costs, which vary according to CTA’s assessment of whether the additional opex
proposed by HAL is required to meet the needs of consumers, particularly those
24 For example, we would expect to analyse the outcome against relevant benchmarks such as Business
Rates payable by other relevant airports
25 Heathrow Airport Limited Statutory Accounts 2021
https://www.heathrow.com/content/dam/heathrow/web/common/documents/company/investor/reports-and-presentations/annual-accounts/airport-ltd/Heathrow%20Airport%20Limited_%2031_12_2021_Full_ARA.pdf
CAP2365 Chapter 4: Operating expenditure
June 2022 Page 25
consumers who may require support.
Last updated: 28 June 2022
Mr Andrew Macmillan,
Chief Carbon & Strategy Officer
Mr Ross Baker,
Chief Commercial Officer
Heathrow Airport Ltd
Sent by email
Deutsche Lufthansa AG, Lufthansa Aviation Center
Airportring, 60546 Frankfurt/Main, Germany
Ihr Zeichen/Your Reference
Unser Zeichen/Our Reference
FRA GK/A
Telefon/Phone
+ 49 (0)69 / 696 37508
Telefax/Fax
Datum/Date
7.
Last updated: 03 November 2021
Table 8.1
Group size of terminating air travellers at Belfast City Airport in 2019.
Last updated: 15 October 2021
• Heathrow's charges are significantly higher than comparator airports – not controlled for in
regression
Last updated: 07 May 2026
Supplementary information
request Pre-DCO category C
costs
CAA-H7- 301
Date: September 2019
Prepared by: Heathrow Airport Limited
Status: Final / Confidential
CAA-H7-301 Supplimentary information request Pre-DCO category C costs
Contents
1.
Last updated: 11 March 2020
Our premise is that it would be preferable to aim for a better Heathrow rather than bigger
Heathrow and to capitalise on the world beating advantage of London’s five airports, in
particular by improving surface accessibility to all five airports, which would be a major
benefit to users.
Last updated: 04 November 2021
