Ryanair blames Reeves's ‘idiotic' tax grab as it cuts thousands of flights [Yahoo! Finance]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Yahoo! Finance
The airline said it would cut UK capacity by as much as 10pc next year, equivalent to a reduction of around 5m passengers after the Chancellor announced a rise in air passenger duty (APD), which is levied on flights starting in the UK. Michael O'Leary, the Ryanair chief executive, accused the Chancellor of a short-sighted tax grab that he said demonstrated that she “has no clue how to deliver growth in the UK economy”. He added: “Reeves has damaged the UK's growth prospects and made air travel much more expensive for UK families travelling abroad on holidays or to visit friends and family. “At a time when Ireland, Hungary, Sweden and many regions in Italy have abolished air travel taxes, Chancellor Rachel Reeves's idiotic decision to further raise the UK's already-high air travel taxes will deliver cuts, not growth.” The Government's decision to increase air passenger duty by £2 per passenger for short-haul flights means a family of four flying to Spain next year will pay £60
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News
- Are Investors Undervaluing Ryanair (RYAAY) Right Now? [Yahoo! Finance]Yahoo! Finance
- Ryanair threatens to drop 10 French regional airports over ‘short-sighted' airline ticket tax hike [Fortune]Fortune
- Ryanair threatens to drop 10 French airports over tax hike [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts Believe Ryanair (RYAAY) Could Rally 26.33%: Here's is How to Trade [Yahoo! Finance]Yahoo! Finance
- Ryanair Holdings plc (NASDAQ: RYAAY) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
RYAAY
Sec Filings
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K
- RYAAY's page on the SEC website