Ryanair to Slash UK Flights by 10% Due to Increased Air Passenger Duty
CEO Michael O'Leary criticizes the UK's decision to raise taxes on flights, claiming it harms growth and tourism.
- Ryanair plans to cut its UK flight capacity by 10%, affecting around 5 million passengers, following a tax increase on airline tickets.
- The rise in air passenger duty (APD) will add up to £2 for economy short-haul flights, and private jet users will face a 50% hike.
- Michael O'Leary, Ryanair's CEO, argues that the tax increase makes the UK a less competitive destination compared to countries eliminating travel taxes.
- The decision could particularly impact regional UK airports, leading to fewer flights, higher fares, and potential job losses.
- Ryanair's criticism aligns with industry concerns, as trade body AirportsUK also expressed disappointment over the tax hike.