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Stock impact report

Ryanair says to cut Berlin flights, blaming taxes [Yahoo! Finance]

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY) 
US:NASDAQ Investor Relations: investor.ryanair.com
Company Research Source: Yahoo! Finance
Budget airline Ryanair said Friday that it would reduce flights to and from Berlin starting in October and relocate aircraft based in the German capital, citing comparatively high costs and taxes. Ryanair will have 50 percent fewer flights to and from Berlin in the budget carrier's winter flight schedule, which starts from October 24, the Irish airline said in a statement. Seven aircraft that are currently based in Berlin will be moved to other European airports, it said. Berlin-based pilots and flight crew were told notified of the decision Friday and will have the chance "to secure alternative positions elsewhere in the Ryanair network across Europe". Chief executive Eddie Wilson said the decision was in response to a looming increase in Berlin airport fees, and also took aim at Germany's "stupid aviation tax regime". The Ryanair aircraft will be moved to other European Union countries "that have abolished aviation taxes like Sweden, Slovakia, Albania and Italy", the comp Show less Read more
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