Ryanair's chief Michael O'Leary harshly criticized Chancellor Rachel Reeves for her proposed budget that increases air passenger duty (APD). He argued that instead of discussing future airport expansions, she should focus on removing APD to stimulate growth in the aviation sector. O'Leary described the expansion of Heathrow's third runway as unlikely to happen before 2040 and emphasized that increasing air travel taxes stifles growth opportunities. He proposed that abolishing APD would enable Ryanair to significantly boost passenger numbers coming to the UK within five years.
"The UK continues to lose out on enormous growth opportunities because you have a Chancellor who hasn't a clue about how to deliver growth..."
#aviation-industry #air-passenger-duty #michael-oleary #chancellor-rachel-reeves #heathrow-expansion
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