UK Aviation Authority Sets Interim Price Cap for Heathrow Airport [MarketWatch]
FERROVIAL S A UNSP/ADR (FRRVY)
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Source: MarketWatch
As the capped price the airport can charge its airline customers expires on Dec. 31, the interim measure will take effect on Jan. 1, the aviation regulator said. A final decision and license modifications for a new five-year control period won't be made until the summer, the CAA said. After adjusting for inflation, the charge will be 30.19 pounds ($40.04) a customer in 2020 prices, in line with its prior consultation and reflecting the uncertainty of the recovery of passenger volumes post-pandemic, particularly given the emergence of the Omicron variant, the authority said. The CAA said in October that its consultation could lead to airport charges for each passenger rising to between GBP24.50 and GBP34.40 from GBP22. Heathrow had called for a range of GBP32-GBP43 to be considered. "We are extremely disappointed in this interim decision from the CAA. It relies on rushed analysis and will undermine passenger experience at the U.K.'s hub airport," Heathrow said in response. The
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