Airlines operating from Heathrow are urging for a review of the airport's financial model to mitigate fears of increasing passenger charges due to a new third runway. The CEOs of British Airways' parent company IAG and Virgin Atlantic expressed their concerns about spiraling costs and inefficient spending, indicating that without reform, costs will be passed onto travelers. Supported by industry figures, their call coincides with government backing for the expansion, though environmental concerns and protests from airlines present significant challenges ahead.
Airlines at Heathrow call for a review of the airport's financial model, worried that passengers will face rising costs to fund the new runway.
IAG and Virgin Atlantic CEOs demand a change in Heathrow's regulatory framework to address rising airport charges and prevent further overspending.
Heathrow's current pricing model leads to the highest airport charges globally and, without reform, passenger charges will continue to rise.
Environmental issues and objections from airlines complicate Heathrow's expansion plans, highlighting the need for a cohesive strategy to balance growth and sustainability.
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