Ryanair threatens to drop 10 French regional airports over ‘short-sighted' airline ticket tax hike [Fortune]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Fortune
The French government is scrambling to plug a larger-than-expected budget deficit, and a tripling of a tax on airline tickets, as well as private jets, is one of the measures currently under consideration. “Ryanair is now reviewing its French schedules and expects to cut capacity to/from regional French airports by up to 50 percent from January 2025 if the French government proceeds with its short-sighted plan to triple passenger taxes,” Ryanair's chief commercial officer Jason McGuinness said in a statement. Ryanair currently operates flights at 22 smaller French regional airports. The two closest to Paris are not among those where Ryanair might cut services, but the airline did not indicate which are threatened. The Irish budget airline hopes to transport 5.7 million people along its French routes this year, an increase of 19 percent from 2023. Ryanair said the tax increase would fall most heavily on passengers using regional airports, which are primarily served by low-cost
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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