AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Ryanair Hold. Plc

Regulatory Filings Sep 30, 2024

1954_rns_2024-09-30_35ab04d7-4a30-4a1e-97ec-aeda97fd629d.html

Regulatory Filings

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

RNS Number : 1969G

Ryanair Holdings PLC

30 September 2024

RYANAIR WELCOMES AUSTRIAN COURT RULING TO REJECT VIDA UNION'S REQUEST TO IMPOSE AUSTRIAN AIRLINES HIGH COSTS AND INEFFICIENCIES

ON AIRLINE COMPETITORS IN AUSTRIA

Ryanair, Austria's No.1 airline, today (Mon 30 Sept) welcomed the Austrian Court (BVwG) ruling, which dismissed the Vida Union's application to impose Austrian Airlines high costs and inefficient work practices on its lower fare airline competitors here in Austria. Ryanair believes that this ruling, which will promote competition, choice, and growth in air travel to/from Austria, is good for Austrian consumers/visitors, as it means that more airlines will be encouraged to open and grow bases in Austria, now that they will not have Austrian Airlines high cost and inefficient work practices imposed upon them.

Ryanair, which continues to grow air travel, tourism and jobs here in Austria calls on the Govt to abolish its damaging aviation tax and follow the example of the Italian regions and the Swedish Govt, which last week abolished its aviation tax of €6.70 per seat. Ryanair has promised to grow traffic to/from Vienna by 50% if the new Austrian Govt abolishes its anti-consumer and outdated €12 aviation tax.

Laudamotion CEO Andreas Gruber said:

"All of us in Ryanair welcomed the Federal Court`s ruling to reject the Vida Union's crazy request to impose Austrian Airlines high cost and inefficient work practices on other airline competitors with bases here in Austria. This ruling now clears the way for other airlines to copy Ryanair and base more aircraft, open more routes, and create more jobs based here at Austria's airports. This growth will accelerate if the Austrian Govt copies the example of Italy and Sweden and scraps its €12 aviation tax, which is doing untold damage to Austrian aviation and tourism.

This BVwG ruling is great news for Austrian citizens/visitors, and good news for the growth and development of competition and choice in Austrian aviation and tourism. The more low-fare airlines that copy Ryanair's example and open low fare bases here in Austria, grow routes and traffic, the better it will be for Austrian tourism, for Austrian citizens and for Austrian visitors.

This welcome Austrian Court ruling should now inspire the next Austrian Govt to scrap the idiotic and damaging aviation tax, and to put Austrian tourism and economic growth at the centre of its new Govt program. Ryanair can deliver 50% traffic growth in Austria over the next 5 years, but only if the new Govt abolishes this expensive and damaging aviation tax, as the Italian and Swedish Governments have already done."

ENDS

For further info

please contact:                         Ryanair Press Office                    

Tel: +353-1-9451799       

[email protected]  

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ISEWPUUUBUPCUQU

Talk to a Data Expert

Have a question? We'll get back to you promptly.