This document has been published in response to the request made by Heathrow Airport Limited (HAL) in July 2020 for the CAA to change its approach to the calculation of its regulatory asset base (RAB) to take account of the impact of the COVID-19 pandemic on its revenues in 2020 and 2021. It...More
This working paper discusses our approach to reviewing Heathrow’s Airport Limited (HAL’s) capital expenditure (capex) incurred during the Q6 price control. In particular, it includes:
a recap of our previous work in this area;
our method for selecting a sample of projects...More
Since the most recent revision to CAP1324 in February 2019, the CAA has been in discussions with stakeholders on further potential enhancements to its ADR policy, both to make ADR work better for consumers and to encourage airlines that do not currently participate in ADR to consider again...More