Willie Walsh said that with today’s final price proposal for Heathrow, the Civil Aviation Authority has left the airport’s customers with the burden of forking out almost an extra £1bn over the next five years.
Mr. Walsh said the CAA had neglected its new primary statutory duty to further the interests of passengers by endorsing a settlement that allows the UK’s monopoly hub to ignore its inefficiencies and over-reward investors by imposing excessive charges on users.
Willie Walsh, head of British Airways’ parent group IAG, said: “It is a bad day for our customers who have been let down by the CAA. With this settlement, Heathrow will continue to levy charges well above other major hub airports.
“As the only hub airport in the UK, Heathrow exerts monopoly power over its users. Like other airlines at Heathrow, we cannot move to a better-run UK hub that offers customers real value for money. No such alternative exists today but these excessive charges combined with a complacent management team at Heathrow make an alternative hub look more attractive and more realistic.”
“We want a Heathrow that is efficiently run, fairly rewarded and priced comparably with other airports. We will carefully consider our next steps.” What those steps will be is anyone’s guess, but in 2010 pre the merger with IAG Willie Walsh threatened to favour Madrid over Heathrow.