Low-Cost Carrier Reduces Presence Amid Rising Access Fees

  • Ryanair to cut 20% of its capacity at Berlin Brandenburg Airport due to high access costs
  • Reduction in aircraft from nine to seven, resulting in 750,000 fewer seats for passengers
  • Six routes to be dropped as Ryanair focuses on lower-cost countries like Italy, Poland and Spain
  • Europe’s largest carrier by passenger numbers cites high access costs as reason for capacity cut
  • Airport’s air-traffic control charges have more than doubled since 2019, security fee to increase next year

Ryanair Holdings has announced a 20% capacity reduction at Berlin Brandenburg Airport due to high access costs. The airline will reduce its aircraft based in the German capital from nine to seven, resulting in 750,000 fewer seats for passengers. Additionally, six routes will be dropped as Ryanair shifts focus to lower-cost countries like Italy, Poland, and Spain. Europe’s largest carrier by passenger numbers claims neither the airport nor the German government has addressed these high costs. Ryanair CEO Eddie Wilson stated, ‘At a time when Berlin should be growing, Ryanair is left with no choice but to cut capacity by 20% due to these sky-high air access costs.’ Last week, the company warned it would cut its German capacity by 10% for summer next year if costs like aviation taxes and air-traffic control charges weren’t reduced. Germany increased aviation taxes in May, and Berlin Brandenburg Airport’s air-traffic control charges have more than doubled since 2019 with a security fee increase set for next year.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Ryanair’s decision to cut capacity at Berlin Brandenburg Airport due to high access costs. It includes quotes from the airline boss and mentions specific reasons such as increased aviation taxes and air-traffic control charges. However, it lacks some details on how these costs compare to other airports or any potential impact on passengers.
Noise Level: 3
Noise Justification: The article provides relevant information about Ryanair’s decision to cut capacity at Berlin Brandenburg Airport due to high access costs and the impact on passengers. However, it could have included more context on the broader implications of this decision for the aviation industry and potential solutions or reactions from other airlines.
Public Companies: Ryanair Holdings (RYAAY)
Private Companies: Berlin Brandenburg Airport
Key People: Eddie Wilson (Ryanair airline boss)

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Financial Relevance: Yes
Financial Markets Impacted: Ryanair and German aviation industry
Financial Rating Justification: The article discusses Ryanair’s decision to cut capacity at Berlin Brandenburg Airport due to high access costs, which impacts the airline’s operations and the overall aviation industry in Germany. This has financial implications for both the company and the market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
Move Size: No market move size mentioned.
Sector: Transportation
Direction: Down
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com