Heathrow vs. Gatwick: The Future of U.K.'s Airports

The transcript discusses the analysis of three airport expansion options: a second runway at Gatwick, a third runway at Heathrow, or an extended runway at Heathrow. Sir Howard Davies highlights the underestimation of costs and potential airport charges. The discussion also covers the efforts of Heathrow and Gatwick to gain traction, with Gatwick emphasizing low-cost carrier credentials and Heathrow focusing on long-haul traffic. Political implications are considered, with the Mayor of London's opposition to Heathrow and the potential impact on local jobs.

What is the expected timeline for a resolution on the airport expansion issue?

What role does politics play in the decision-making process for airport expansion according to the discussion?