Ryanair’s Budapest offer is expanding spectacularly
The Irish airline Ryanair is expanding its Budapest schedule with a new Belfast destination in the summer period – Michael O’Leary, CEO of the Ryanair group, announced at a press conference in Budapest on Thursday. The company manager said at the press conference that the Constitutional Court will make a decision on the extra-profit tax in June, its calculation will change at the end of last year, and the amount of the tax depends on the emissions emitted by the airlines.
if a favorable decision is made, we will further increase their Budapest base and the number of flights with Italian, Portuguese and Spanish routes. In the following years, Budapest’s passenger traffic may increase to 6 million per year
added Michael O’Leary.
“Europe is recovering after the Covid-19 epidemic, so it is essential that countries like Hungary be competitive with low-cost airlines like Ryanair. These companies can ensure the upswing of tourism and jobs”, reports the CEO of Ryanair.
Passenger traffic in Budapest may reach 4 million this year
According to the airline’s previous information, it achieved a profit of 1.37 billion euros in the first half of its business year, which ended on September 30, 2022, after a loss of 48 million euros in the same period of the previous year. Passenger traffic in Budapest may increase to 4 million this year they can maintain their leading position in the Hungarian market with a 32 percent percentage.
Revenues more than tripled from €2.15 billion to €6.62 billion. In the period between September, 95.1 million passengers were transported, which is 143 times more than the data of the weaker base period due to the epidemic (39.1 million), in parallel the utilization rate increased from 79 percent to 94 percent.