Willie Walsh rules out third runway at Heathrow - Telegraph
I think the BMI purchase has given him some time but long term they're still screwed.
BTW, what did Jon Moulton have to say? Am interested in the "pragmatism" part.
He said the truth is that a third runway would mean a fourth, which is the truth.
A fourth Terminal would mean a Fifth, "Good Heavens no way, we'll stop at four, trust me" sayeth the BAA in the 80s.