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19 November 2012 09:22
A study published by Heathrow says the lack of capacity at the airport is costing the UK £14 billion a year
The lack of extra capacity at Heathrow is costing the country £14 billion each year in lost business - increasing to £26 billion a year by 2030 - a new study published by the airport suggests.It may also be costing passengers' money on their
travel insurance due to more delays and missed flight connections. Airport bosses would therefore like to see a third runway built in west London..
The study also said that Britain required one hub airport in order to compete with the rest of the continent, but stressed that having two airports act in this role (dual-hub plan) was not an effective solution. Joining Gatwick and Heathrow airports (Heathwick plan) by a railway was also labelled as "unviable" in the study.
Economics consultants Frontier Economics, which prepared the study, said: "The choice for the UK is not between two hubs or one, but between one hub or none. Only a single airport can operate as a hub in the UK. That leaves three options for the UK Government: It can do nothing and let the UK fall behind its European competitors at the cost of lost growth and jobs; it can add additional capacity at Heathrow; or it can close Heathrow and replace it with a new hub airport."
01 December 2016
Pilots at German airline Lufthansa are on strike again after a two-day break in their campaign of walkouts.
02 December 2016
Britons are among the top spenders in Europe when it comes to holidays, new research has found.
30 November 2016
The UK should think about resuming flights to the popular tourism resort of Sharm el-Sheikh, according to a major United Nations agency.
29 November 2016
Plans are in place to develop a new aviation arrangement between the UK and US, to ensure holidaymakers can still fly between the two countries once Britain departs the EU.
26 November 2016
Hundreds of Lufthansa flights have been grounded after pilots working for the airline took part in a strike.
25 November 2016
The US is warning its citizens that Europe is facing a "heightened risk of terror attacks" at Christmas markets and other seasonal holiday events.
24 November 2016
A groundbreaking radiotherapy machine that can track the changing position of tumours in real time will soon be used to treat cancer patients in the UK.
23 November 2016
Top airline bosses are urging the government to scrap air passenger duty ahead of Wednesday's Autumn Statement.
22 November 2016
Winter sun is now the most popular holiday type, according to new research conducted by travel experts.
19 November 2016
A holiday price increase of 10% on trips to Europe could cause tourists to postpone their getaways next year, experts are warning.
18 November 2016
British citizens will no longer be able to travel freely to Europe without paying a "travel tax" or filling in visa forms under plans unveiled by Brussels.
17 November 2016
London mayor Sadiq Khan has signalled his support for a legal challenge to the expansion of Heathrow airport.