Industry experts are claiming that Britain is losing out to the tune of £1bn annually because of the lack of a third runway at Heathrow. Travellers even from the UK are using European airports as a hub for long-haul flights that could potentially fly from Heathrow if the long-awaited third runway was in place and working to increase capacity.
On the other side of the argument there are environmental factors to be overcome, and the fact that the world market for flights is in decline and the proliferation of cheap flights indicates that the development could become a white elephant if the sales of flights and travel in general does not pick up.
Charles De Gaulle, Frankfurt and Schipol have all experienced a growth in business compared to a more or less static turnover at Heathrow for the last 5 years. The threat however is not solely from European airports as growth at Middle-Eastern airports has been astronomic. Dohar, Abu Dhabi and Dubai airports have seen rises approaching more than 100% in the last 5 years.
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