Ryanair CEO Michael O’Leary attacked Chancellor Rachel Reeves’ proposed wealth and air‑travel taxes, warning they will 'doom' the UK economy. The comments come as Ryanair posted a record half‑year profit of €2.54bn and warned higher taxes would damage UK aviation, tourism and jobs.
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Briefing
Ryanair’s record €2.54bn half‑year profit underscores the carrier’s pricing and capacity influence in Europe and frames its leverage in public policy debates; see how the airline has reacted to cost pressures with seat cuts after airport fee increases.
O'Leary’s threats to curb flying or shift capacity highlight operational responses carriers use when facing unfavorable government measures; this echoes prior warnings about potential route withdrawals such as the Israel service dispute.
The dispute signals broader policy risk: industry cost and tax changes feed into Ryanair’s broader critique of regulatory and sustainability costs — see earlier comments on missing SAF and net‑zero targets.
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