Ryanair

Chancellor Friedrich Merz announced plans to further reduce the air traffic tax in Germany to counter the relocation of flights and revenues abroad. Ryanair and industry associations are even calling for the tax to be abolished and for significant cuts to state charges for aviation security and air traffic control. Ryanair said that with a consistent reduction in operating costs at the location it would once again invest in growth, additional aircraft and new routes in Germany. » More on n-tv.de

Chancellor Friedrich Merz announced he will further reduce the increase in the air traffic tax that was reversed on July 1. Aviation associations and airlines, including Ryanair, are calling for the abolition of the tax and substantial cuts to state charges to lower location costs and prevent route withdrawals. Ryanair says it will invest in growth, additional aircraft and new routes in Germany if costs are lower. » More on wiwo.de

Facing sharply rising jet fuel prices, Ryanair is considering cost cuts such as a temporary pay freeze from April, shorter crew shifts and job reductions through the use of artificial intelligence. For the current summer quarter, after-tax profit fell six percent to €1.6 billion. Ryanair expects its fuel bill to be about €2 billion higher in the next fiscal year and sees double-digit ticket price increases, up to 20 percent, as a possible consequence. At the same time the airline is calling for lower airport charges and is relocating bases, for example reducing its presence at the capital airport BER. » More on n-tv.de

Ryanair reports a drop in profits for the second quarter; net profit for the first half fell by 15 percent. The low-cost carrier blames high jet fuel costs linked to the Middle East conflict and expects around €2 billion in additional fuel costs next year. In response, Ryanair plans extensive cost reductions, including pay freezes, reviews of airport contracts, smaller crews and increased use of AI. The flight offering in Germany has already been sharply reduced; the company expects ticket prices to rise significantly because of high jet fuel prices. » More on manager-magazin.de

Numerous company reports are scheduled for November 2: Ryanair (Q2) opens the day, followed by Forvia (Q3 revenue), Fox Corp (Q1), Transocean (Q3), Palantir (Q3) and Apple (Q4). Marriott International will also provide Q3 figures without a set time. At the same time, a range of PMI and economic data from Europe, the US and Asia, as well as political and economic events like the digital summit and collective bargaining talks of private banks, are on the calendar. » More on finanzen.net