Ryanair is planning to chop its London Stansted traffic by 9% over the approaching year (from 12.5m to 11.4m) after what it describes as ‘a further unjustified increase of Stansted’s already high charges of 6% from April 2013’. Ryanair has called on Stansted’s regulator, the CAA, to analyze whether this unjustified and unwarranted 6% price hike was a “sweetener” by Ferrovial/BAA’s sale of Stansted, which raised £1.5bn in proceeds for Ferrovial, even though Stansted’s traffic has declined from 24m p.a. to 17.5m p.a. during the last 6 years. Ryanair, which says it had planned to grow its Stansted traffic by 5% from April 2013, will now cut frequencies on 43 of its routes and decrease its weekly operations by over 170 flights, with the lack of 1.1m passengers (-9%) and...
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