I had not realized that London’s Heathrow airport was a fully privately owned, profit-seeking enterprise. This video explains what it costs to run the airport, how the company covers the costs, and how the need to make a profit changes the way that the airport is structured and the kinds of flights and destinations that are available, compared to airports that are run by governments.
The US has not privatized its major airports and efforts to do so with smaller ones have not been a success.
