Ryanair CEO Michael O'Leary criticized the UK government's air passenger duty increase, calling it absurd and detrimental to the growth of air travel in the UK. He emphasized that such tax increases will drive the largest low-cost airline to relocate its operations to more favorable countries like Italy or Sweden.
O'Leary lambasted the new UK government for prioritizing tax increases on air travel while claiming to support economic growth. He questioned the sanity of policies that burden travelers at a time when the economy needs stimulation.
Despite the Treasury's argument that the APD changes are minimal, O'Leary warned that these measures would lead to a significant shift of passengers from the UK to other countries, as Ryanair reallocates capacity for five million passengers affected by the tax increase.
With the UK government opting to raise travel taxes, O'Leary stated that the outlook for growth in the UK air travel market is poor, stating that competing economies are becoming increasingly enticing for both airlines and passengers.
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