BAA cuts Heathrow growth forecasts

Induced demand works in the airline sector too … FT.com sez: (registration reqd) BAA cuts Heathrow growth forecasts: “Heathrow’s owners have lowered their long-term passenger growth forecasts for Europe’s busiest airport to account for the UK government’s ban on a third runway and the prospect of oil prices staying high for longer.”

FT does not provide a link to the actual growth forecasts, which would have been useful.