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Ryanair to ground 10pc of fleet

3 June 2008

Budget airline Ryanair today said it would ground up to 10 per cent of its fleet this winter to combat soaring airport charges.

The carrier – which unveiled a 17 per cent rise in pre-tax profits to 528 million euro (£419m) in the year to March 31 – said it would be more profitable to keep 20 aircraft on the ground at Stansted and Dublin than put them in the air.

Chief executive Michael O’Leary blamed the “unjustified” doubling in landing and handling charges levied by Stansted operator BAA and higher charges at Dublin Airport.

source: Independent.co.uk

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