Heathrow Says Capacity Limit Costs U.K. 14 Billion Pounds

Limited capacity at London’s Heathrow Airport costs the U.K. as much as 14 billion pounds ($22.2 billion) a year in lost trade as other European hubs boost connections to growing economies like China and Peru, the airport operator said.

Twenty-six emerging-market destinations are connected by daily flights to other European cities while lacking a direct link to the London hub, Heathrow Airport Ltd. said in a report released today in partnership with consultant Frontier Economics. Among destinations without London Heathrow routes are Chengdu and Hangzhou in China, as well as Manila and Lima.