Heathrow Airport anger as bid to increase passenger charges fails

Heathrow Airport anger as bid to increase passenger charges fails

The UK's Civil Aviation Authority has rejected Heathrow Airport's request to recoup losses suffered during the pandemic through increasing passenger charges.

Britain's biggest airport had sought to increase its regulatory asset base (RAB) by £2.6 billion ($3.6 billion) which would have allowed it to increase tariffs on passengers and airlines. Instead it will be allowed to raise just a tenth of the figure with time-limited additional levies.

The airport's regulator agreed to a limited and early RAB adjustment of £300m ($416m), a sum which Heathrow said “failed to deliver” in a manner that underpinned investor confidence in infrastructure projects.



RAB is part