Vowing End to 'Heathrow Hassle,' London Expands Bursting Airport

British Airways (BAY) and Spanish-owned BAA promise the new building will eradicate not only queues and lost bags, but ease delays and general travel stress too.

"It is our view that T5 will definitely be beneficial to British Airways, but we do not see it supporting earnings materially in fiscal 2009," said ABN Amro's Lobbenberg. Instead, he sees "open-skies" denting earnings in that period.

For British Airways, the financial benefits from T5 will start to trickle through in 2010, Lobbenberg said.

For travelers, it will undoubtedly be "a much better passenger storage facility," said Ascend's Peter Morris. Can "Heathrow harmony" be far behind?

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