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Stock impact report

Ryanair to scale back Berlin operations, blames German airport taxes [Yahoo! Finance]

EASYJET PLC S/ADR (ESYJY) 
NASDAQ:AMEX Investor Relations: corporate.easyjet.com/investors.aspx
Company Research Source: Yahoo! Finance
The number of Ryanair aircraft based in Berlin will drop from nine to seven and six routes - the Belgian capital Brussels, Chania on the Greek island of Crete, Kaunas in Lithuania, Kraków in Poland, Luxembourg and the Latvian capital Riga - will be discontinued. The exact timing of the fleet reduction and its impact on local employment remain unspecified. Each aircraft typically supports around 30 jobs, according to Eddie Wilson, the manager responsible for Ryanair's core business. The airport operator on Tuesday said it regretted Ryanair's decision, while acknowledging the airline's clear criticism of the high fees. "The state air traffic tax alone has more than doubled since 2019," the operator noted. The entire industry has long been vocal about this issue but "this affects not just BER but German air traffic as a whole," it added. Currently, Ryanair is the largest airline operating from BER, surpassing EasyJet in market share, according to the airport. Despite expan Show less Read more
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