Quantcast

Chancellor Reeves: ‘Third runway at Heathrow essential for UK’s economic growth’

These Frequent Fliers Are Done With Loyalty Programs
JetBlue accepting Venmo as payment method for flights purchased through mobile app
United Airlines stock rallies on results, as growing demand wasn’t just about premium seats
American Halts CRJ-200 Operations
Shanghai Airlines to Launch Casablanca Route
Delta employees to receive an average five weeks of pay in annual profit sharing
Akasa Air faces DGCA heat for lapses; warning letter issued to airline's accountable manager
Indigo Eyes European Market Amid Intensifying Competition with Air India
Air India to operate daily Delhi-Prayagraj flights for Maha Kumbh
Engine maker agrees to compensate WizzAir for grounded planes
Turkish Airlines’ flights are riddled with bedbugs, passengers say
British Airways frequent flyers react to Executive Club changes
Inside the short-lived, men-only flights where kids and women were banned but cigar and pipe smoking were rife
China steps up drive to break Boeing, Airbus grip on plane market
Heathrow’s New York service clings to spot in top aviation routes
Airline praises pilots in crash-landing where both died but nearly half the passengers survived
Mexico state airline to buy five Embraer planes next year
A record number of people are expected to fly over the holidays. That's good for travel stocks, but not for passengers.
American Airlines technical issue sparks travel chaos on Christmas Eve as flights heavily delayed after being grounded
Why United Airlines has had such a stellar year despite being Boeing's biggest customer
JetBlue nixing routes between multiple major cities, reducing several others
Airline Stocks Led The Travel Industry's Record 2024 Rally. Here's What's Next.
It’s beginning to look like another record for holiday travel
Qatar Airways cleans up at the World Travel Awards
All of the strikes at European airports this winter – find out if you are affected
Meet the CEO trying to turn around Air India, the 92-year-old airline with a pile of problems
Skiplagging: Unpacking the Risky Travel Trend That Involves Tricking Airlines
Qantas engineers walk off job on one of the busiest travel days of the year
South Korea to safeguard competition after Korean Air, Asiana merger
China Southern returns to Adelaide
Chancellor Reeves: ‘Third runway at Heathrow essential for UK’s economic growth’
Airports
Webp s465rachelreeves
Chancellor Reeves | UK Gov

Rachel Reeves, the UK Chancellor of the Exchequer, said that constructing a third runway at Heathrow Airport is "essential for the UK's economic growth." She made this assertion during a press conference on January 29.

"Third Runway at Heathrow Essential for UK's Economic Growth," said Rachel Jane Reeves. "A third runway at Heathrow would unlock further growth, boost investment, increase exports, and make the UK more open and more connected. We cannot duck the decision any longer."

Following a record number of passengers and a profit increase of 31%, Heathrow Airport executives have expressed concerns about constrained capacity. In 2024, Heathrow reported a record 83.9 million passengers, marking a 6% rise from the previous year and surpassing pre-pandemic levels. Cargo volumes also increased by 10%, indicating strong demand for international trade. Despite these figures, Heathrow's annual revenue declined by 3.5% to £3.6 billion due to lower airline charges set by the Civil Aviation Authority (CAA).

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Heathrow CEO Thomas Woldbye emphasized that expansion is necessary to accommodate growing demand, warning that limited capacity could hinder future growth. "People want to travel, and that doesn’t seem to change, hence the need for a third runway also because we cannot grow much more with the current capacity," Woldbye said. The proposed new runway would increase flight capacity from 480,000 to 720,000 annually, potentially serving up to 140 million passengers per year.

According to The Times, Heathrow confirmed its intention to submit expansion plans to the government this summer but indicated that "policy changes are needed to deliver the project successfully." Reeves supported the expansion, urging for "further, faster" action to stimulate economic growth. However, industry experts remain skeptical about achieving her goal of opening the third runway by 2035 due to past delays and legal challenges.

Opposition to Heathrow’s expansion remains significant, particularly from environmental groups and local officials. London Mayor Sadiq Khan has pledged to oppose the project, citing its potential impact on communities such as Harmondsworth, which could face partial demolition. Former Prime Minister Boris Johnson previously opposed the expansion as well, stating he would "lie down in front of the bulldozers" to prevent it.

Heathrow Airport is located in west London and is Europe's busiest airport as well as the UK's largest aviation hub. According to their website, it connects over 180 destinations worldwide and plays a crucial role in the country's economy. The proposal for a third runway was first introduced in the early 2000s but has faced repeated delays due to environmental concerns, legal battles, and political opposition.

Organizations Included in this History
More News

London Heathrow, recognized as Europe's busiest airport, will soon experience an increase in its flight offerings by Oman Air.

Sep 2, 2025

Minneapolis–St. Paul International Airport will commence safety and airfield improvement projects on Runway 12R-30L in two distinct phases throughout 2025.

Aug 22, 2025

Delta Air Lines is adjusting its service between Atlanta and Anchorage, extending flights beyond the summer travel season to a year-round offering.

May 15, 2025

In December 2022, Southwest Airlines faced a major crisis as operational challenges led to the cancellation of 16,900 flights, affecting nearly two million passengers during a peak travel period.

Apr 19, 2025

Harrison Ford, an acclaimed actor known for roles such as Han Solo in "Star Wars" and Indiana Jones, is also a noted aviation enthusiast.

Apr 19, 2025

Iberia Airlines has confirmed a notable shift in its flight schedule connecting Madrid and Dallas/Fort Worth, introducing its first overnight service from Europe to the US.

Apr 19, 2025