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In setting price caps, the CAA has
erred on the upside
Last updated: 03 November 2021
As with the Holding Price Cap 2022, the CAA
committed to ‘true up’ or ‘true down’ the interim price cap for 2023 to account for any difference
between it and the final price cap for the H7 period.
Last updated: 19 April 2023
This is 407
because it is not possible to reduce the number of people at risk below that of a 408
controlled ground area. 409
2.23 In case the mitigation influences the aerodynamics of the UA, for example by 410
using a parachute, the ground risk buffer size should be redefined using correct 411
assumptions including the effects of the mitigation means. 412
2.24 If the final GRC is higher than 7, the operation is considered to have more risk 413
than the UK SORA is designed to support.
Last updated: 25 July 2024
CAP 1051 Executive Summary
May 2013 Page 4
6.
Last updated: 31 May 2013
We estimate the
cash balance associated with this debt balance based on our liquidity cost estimates.
413 This implies the time-weighted proportion would be c. 12% over the price control given debt
will be repaid gradually over the price control.
Last updated: 07 April 2026
The units
were sourced from Spraying Systems Ltd (body type 1/4J fitted with fluid and air
caps, part numbers PF100150-ss and PA189-6-62-70-SS, respectively).
Last updated: 29 October 2007
comparator metrics used in this report 7
Table 2: Airport data sources used in the benchmarking analysis 12
Table 3: Benchmark airports’ financial years, calendar years and accounting periods reference table 15
Table 4: Key metrics used in the benchmarking analysis 18
Table 5: ONS CPI deflators, 2019 base year 21
Table 6: Key exceptional items for benchmark airports 68
Table 7: Key exceptional items profitability metrics impact table 69
Table 8: Summary treatment and impact of Coronavirus Job Retention Scheme (CJRS) 70
Table 9: Revenue classifications for benchmark airports 71
Table 10: Detailed metric / measure definitions for benchmark airports 72
Table 11: Annual Departing Seats by Airline at benchmark airports, 2010-2022 75
6
1 Executive summary
1.1 Analysis Context
The Civil Aviation Authority (CAA)’s economic regulation of Gatwick Airport Limited (GAL) is based on a
light touch approach underpinned by a set of ‘commitments’ that include a cap
Last updated: 09 August 2024
Within a capped system, switching of this kind can only go so far.
Last updated: 04 November 2021
Risk sharing is incompatible with the current capacity cap in summer 2022.
Last updated: 02 September 2022
The years 2020 and 2021 were covered by an interim price cap (referred to as ‘iH7’ by the
CAA) This was followed by a ‘holding’ cap in 2022, and a further ‘interim’ cap for 2023
while the H7 price control was being finalised.5
12.
Last updated: 19 October 2023
