Airports review: BAA emerges unscathed

Article Abstract:

BAA has undergone a review of airport charges by the UK Civil Aviation Authority (CAA) relating to Stansted, Gatwick and Heathrow airports. The review has not recommended that the monpoly held by BAA on these three London airports should be ended, and profit forecasts for BAA have not been affected by the reduction in charges that the CAA has recommended. BAA appears to have a good relationship with the industry regulator, in contrast to UK utilities and their regulatory bodies.

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A bolt from the blue falls due

Article Abstract:

The UK Civil Avaiation Authority (CAA) will make recommendations in Jul 1996 for charges that BAA will levy for usage of Stanstead, Gatwick and Heathrow airports from April 1997. The recommendations on charges to be paid by airlines will cover a five year period. These charges do not produce a profit and account for some 33% of BAA's income, so stricter price controls would mean that BAA would subsidize airlines. BAA has been profitable due to its airport retail outlets.

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