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Pin to quick picksHeathrow6.45% S Regulatory News (88BX)

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Response to CAA's statement re 2022 airport charge

16 Dec 2021 07:05

RNS Number : 8696V
Heathrow
16 December 2021
 

This morning the CAA published a statement on the 2022 interim airport charge. Responding to the CAA's statement, a Heathrow spokesperson said:

"We are extremely disappointed in this interim decision from the CAA. It relies on rushed analysis and will undermine passenger experience at the UK's hub airport.

 

"As an example, the CAA's flawed analysis assumes that operating costs at Heathrow next year will be £173m lower than our budget. This is even lower than we were able to achieve in 2020, when we served half as many passengers with only one runway and two terminals operating and the benefit of a government furlough scheme. There are material and basic errors in many aspects of the CAA's assessment. Uncorrected, this risks leaving Heathrow without sufficient cashflow to support investment in improving passenger service and resilience. 

 

"The decision by the CAA differs materially from the forecast assumed in our Investor Report published last week. We will analyse the impact and consider whether issuing an update in January is necessary. We are making a detailed submission to the CAA, and expect a more considered outcome when it makes its final decision in Spring 2022."

 

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Date   Source Headline
6th Nov 20153:43 pmRNSPublication of Supplement to Base Prospectus
28th Oct 20157:00 amRNSResults for nine months ended 30 September 2015
12th Oct 20157:00 amRNSBusiness and traffic commentary September 2015
10th Sep 20157:00 amRNSHeathrow traffic and business commentary
11th Aug 20157:00 amRNSTraffic and business commentary July 2015
24th Jul 20157:00 amRNSHeathrow Half Year Financial Results
23rd Jul 20157:00 amRNSNotice of Results on Friday 24 July 2015
13th Jul 20157:00 amRNSTraffic and business commentary June 2015
1st Jul 20157:06 amRNSAirports Commission recommends Heathrow
26th Jun 20157:00 amRNSPublication of Investor Report
11th Jun 20157:00 amRNSTraffic and business commentary May 2015
1st Jun 20157:00 amRNSHeathrow welcomes new Chief Financial Officer
26th May 20151:50 pmRNSPublication of Final Terms
12th May 20155:34 pmRNSHeathrow places CAD500 million 10 year bond
11th May 20157:00 amRNSTraffic and business commentary April 2015
24th Apr 20157:01 amRNS1st Quarter Results
15th Apr 201511:15 amRNSNotice of Results
13th Apr 20157:00 amRNSTraffic and business commentary March 2015
13th Mar 20154:35 pmRNSPublication of Prospectus Supplement
11th Mar 20157:00 amRNSHeathrow traffic figures February 2015
23rd Feb 20157:00 amRNSFinal Results
12th Feb 20158:30 amRNSHeathrow appoints Chief Financial Officer
11th Feb 20154:31 pmRNSPublication of Final Terms
11th Feb 20157:00 amRNSTraffic and business commentary January 2015
10th Feb 20154:03 pmRNSStabilisation Notice
5th Feb 20157:30 amRNSNotice of Results
3rd Feb 20153:28 pmRNSHeathrow places EUR750 million 15 year bond
3rd Feb 20158:27 amRNSPre Stabilisation Notice
12th Jan 20157:00 amRNSTraffic and business commentary December 2014
18th Dec 20149:44 amRNSSale of Aberdeen, Glasgow and Southampton complete
16th Dec 20144:00 pmRNSPublication of Prospectus
16th Dec 20144:00 pmRNSHalf year unaudited financial results
12th Dec 20147:00 amRNSPublication of Investor Report
11th Dec 20147:00 amRNSHeathrow traffic and business commentary Nov 2014
5th Dec 201410:00 amRNSDates for Investor Report and Full Year Results
11th Nov 20147:00 amRNSHeathrow traffic and business commentary October
3rd Nov 20147:00 amRNSRevolving credit & liquidity facilities refinanced
29th Oct 20147:00 amRNSResults for nine months ended 30 September 2014
16th Oct 20142:57 pmRNSSale of Aberdeen, Glasgow and Southampton Airports
16th Oct 20147:00 amRNSPublication of Heathrow Finance plc Prospectus
16th Oct 20147:00 amRNSPublication of Documents Incorporated by Reference
14th Oct 20149:35 amRNSNotice of Results on Wednesday 29 October 2014
13th Oct 20147:00 amRNSHeathrow traffic and business commentary September
8th Oct 20147:04 amRNSHeathrow Finance plc places £250 million bond
1st Oct 20147:02 amRNSHeathrow Chief Financial Officer to stand down
11th Sep 20147:00 amRNSHeathrow traffic and business commentary August 20
27th Aug 20147:00 amRNSFinal Terms
11th Aug 20147:01 amRNSHeathrow traffic and business commentary July 2014
6th Aug 201412:01 pmRNSFinal Terms
29th Jul 20142:11 pmRNSFinal Terms Omnibus

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