14.6 C
London
Sunday, November 24, 2024
HomeNewsRyanair Calls on German Government to Repeal Increased Aviation Tax

Ryanair Calls on German Government to Repeal Increased Aviation Tax

Date:

Related stories

Gazprom Maintains Stable Gas Deliveries to Europe, Sending 42.3 Million m³ on Monday

Brussels, October 14 (FinanceFlashNews.com) – Gazprom, Russia’s gas producer,...

Markets Anticipate Faster ECB Rate Cuts as Eurozone Inflation Falls

Frankfurt, October 14 (FinanceFlashNews.com) – Financial markets are predicting...

Tax Hike in France Will Hurt Investments, Warns Stellantis CEO

Paris, October 14 (FinanceFlashNews.com) – The French government's plan...

Finland’s Inflation Drops to Lowest Level in Nearly Four Years

Helsinki, October 14 (FinanceFlashNews.com) – Year-on-year inflation in Finland...

Moody’s Downgrades Belgium’s Credit Outlook to Negative

Brussels, October 13 (FinanceFlashNews.com) – Moody's Ratings downgraded Belgium’s...
  • Ryanair, the Irish low-cost airline, has urged the German government to repeal the increased aviation tax that has been in effect since May. The airline warned that it might reduce its services at German airports by 10% or 1.5 million seats for the next summer season if the tax is not revoked.
  • Ryanair also called for the reduction of air traffic control fees and the cancellation of the planned increase in security check fees at airports.
  • The airline attributed the slow recovery of air traffic at German airports from the COVID-19 pandemic to these high costs imposed by government policies.

Frankfurt, August 20 (FFN)Ryanair, Europe’s largest airline by passenger numbers, has called on the German government to repeal the increased aviation tax that has been in place since May, citing it as a major factor hindering the recovery of air traffic at German airports. The airline’s CEO, Eddie Wilson, warned that Ryanair might reduce its operations at German airports by 10% or 1.5 million seats in the next summer season if the tax remains in effect.

In addition to demanding the repeal of the aviation tax, Ryanair also urged the government to reduce air traffic control fees and to cancel the planned increase in security check fees for passengers at airports. According to Wilson, these high costs are causing German citizens to pay the highest airfare prices in Europe, largely due to the “monopoly of high prices” maintained by the national carrier, Lufthansa.

The German Federal Statistical Office (Destatis) recently reported that while long-haul flight prices slightly decreased in the first half of 2024, prices for European flights remained 2.7% higher than the already elevated levels of the previous year.


Overview of Airfare Prices and Ryanair’s Potential Service Reduction

IndicatorDetails
Aviation Tax ImplementationMay 2024
Ryanair’s Potential Service Reduction10% or 1.5 million seats (next summer season)
Increase in European Flight Prices+2.7% (First half of 2024 vs. previous year)
Reason for High Airfare in GermanyGovernment-imposed taxes and fees, Lufthansa’s pricing
Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories