Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Ryanair to close its Brussels Airport base

Published 01/11/2023, 10:54 AM
Updated 01/11/2023, 10:59 AM
© Reuters. FILE PHOTO: General view of the Ryanair logo at their headquarters in Dublin, Ireland, September 16, 2021. REUTERS/Clodagh Kilcoyne/

(Reuters) -Ryanair is closing its Brussels Zaventem base because of the airport's decision to increase prices from April, it said on Wednesday.

Europe's largest budget airline said the airport's decision comes at a time when most European airports are reducing prices to recover traffic lost during the COVID-19 pandemic.

"Despite recent rumours, we will not be reopening our Brussels Zaventem base in summer 2023 due to Zaventem Airport's decision to increase prices by 11% for airlines and passengers from April 2023," Chief Executive Michael O'Leary said in a statement.

"However, customers can still book Ryanair's low fares on 12 Zaventem routes that will continue to operate to/from Brussels Zaventem for S23 on aircraft based outside Belgium."

Belgian press agency Belga, which first reported the news quoting local union ACV Puls, said Ryanair's move puts 59 jobs at risk.

The Irish airline, which operates two aircraft out of Brussels Airport, did not mention any impact on jobs.

Ryanair also operates 17 airplanes out of Belgium's Charleroi airport, south of Brussels, which it said will be unaffected by its Zaventem decision.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.