Heathrow, Britain's busiest airport, has warned air traffic may not recover fully until 2026, even though easing restrictions have fueled a recovery
Heathrow, which handles a lot of long-haul flights and last year lost its crown as Europe's busiest hub to Paris Charles de Gaulle, has tried to soften the impact of the pandemic by raising its charges for airlines and asking the government to remove testing rules for vaccinated travellers.
Heathrow said the Civil Aviation Authority's initial proposals "do not go far enough" for its investors to achieve a fair return but that it was reviewing the proposal and would respond by the end of the year., the Qatar Investment Authority and China Investment Corp among others, said its shareholders have achieved negative returns in real terms over the last 15 years.
"We are on the cusp of a recovery which will unleash pent-up demand, create new quality jobs and see Britain's trade roar back to life - but it risks a hard landing unless secured for the long haul," Holland-Kaye said.
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