Proactive Investors - Ryanair (LON:0RYA) has ditched seventeen of its routes out of Dublin Airport for the winter season in a row over incentives for more sustainable aircraft and passenger charges.
Some 19 of its Boeing (NYSE:BA) 737 MAX jets will be relocated under the move to European airports and the likes of Luton in the UK.
Though the move will lead to a 10% reduction in capacity on last year, according to boss Eddie Wilson, it could see Ryanair avoid paying increased passenger charges to fund development at the airport.
Today Ryanair announces Dublin airport will lose 17 routes & 19 enviro friendly aircraft due to DAA 45% increase in costs.— Ryanair (@Ryanair) September 21, 2023
According to Ryanair, these costs are set to increase by as much as 45%, though this was disputed by The Dublin Airport Authority (DAA).
“There are no incentives at Dublin to grow traffic or reward investment in aircraft with lower carbon dioxide and noise emissions,” the Irish carrier said.
"Unlike most other EU airports, the DAA is unfortunately focused on increasing passenger charges [...] and wasting [money].”
Dublin Airport boss Kenny Jacobs accused Ryanair of making false claims meanwhile, adding better infrastructure was needed at the site for safety reasons.
Shares in Ryanair fell 0.6% to €16.20.