budapest Yeah ryanairboss Michael O’Leary makes his appearance, you’re never sure whether to find him refreshingly different or just plain embarrassing. Low-cost airline marketing is a boss’s business, and it totally suits the 61-year-old. That was evident when O’Leary turned up in Budapest on Tuesday.

Out of breath, he rushed into a hotel ballroom and, as usual in this type of performance, he held up a board with the number of destinations, this time from Budapest. She also cut silly faces – it was a special appearance for the photographers.

At first glance, the ad was flimsy. Ryanair is expanding its network to include a single destination: the airline will fly twice a week from Budapest to Belfast. HungaryThose wanting a short break in a “sunny summer destination” now have even more options than before, O’Leary said. The manager keeps the irony: there shouldn’t be many managers who make jokes about a new service that their own company offers.

Hungary charges a special fee of ten euros per plane ticket

However, O’Leary wasn’t just in Budapest to promote a new offering. He came with a bigger concern. He has been feuding with Hungary’s Prime Minister Viktor Orban for the past year. Apparently, his visit also served to exert pressure.

The best jobs of the day

Find the best jobs now and
be notified by email.

Now he is making the government an immoral offer that borders on blackmail. If they remove his excise duty on airline tickets, he is ready to expand Ryanair’s offering at Budapest airport, O’Leary said Tuesday.

Victor Orban

Hungary’s head of government has angered the head of Ryanair with his new tax.


(Photo: dpa)

Orban had devised a new tax in 2022 and that upset the low-cost airline boss. Anyone flying out of Budapest has been paying a fee of ten euros per ticket since July 1. The move is part of a package: Hungary imposes a special tax on banks, insurers, airlines, retailers and energy companies for allegedly making “excess profits” as a result of inflation.

>> Read also: Protests for a year: Teachers and students strike against Viktor Orban’s school policies

These are mainly companies controlled by foreigners who cannot easily leave Hungary. In the case of airlines, the excess profits tax is now called an environmental tax, but that’s not according to O’Leary at all: the manager likes to stress how green Ryanair is as a provider of short and long flights. half radius.

When Hungary introduced the excess profits tax in 2022, O’Leary was so angry that he swore: It was “beyond stupid” what Hungary was doing. However, Orban needs money, also because he generously distributed electoral gifts before the April 2022 elections.

Michael O’Leary also targets Easyjet and Wizz Air

The Constitutional Court is currently dealing with the tax. O’Leary said his lawyers had asked her to be careful with his choice of words. He simply called the tax “anti-consumer and anti-competitive.”

excise tax

10

additional euros

per ticket paid by passengers from July 1, 2022 when leaving Budapest.

O’Leary also calculated how lucrative abolition would be for the economically affected country: according to his calculations, Hungary receives 60 million euros a year from the tax. But if Ryanair continues to increase the number of destinations from Budapest, the country’s economy could improve a lot.

By the end of the performance, O’Leary could no longer curb his propensity for provocation: he called Orban’s excess profits tax “foolish.”

Some Hungarians will rejoice when O’Leary takes on Orban in this way. However, O’Leary’s bullying is a scam and he can hit anyone. In Budapest, he also took aim at low-cost competitors Wizz Air and Easyjet. You can’t make sustainable profits by competing with Ryanair, he said.

Consolidation will come, just later than you always predicted. However, in two or three years, Wizz Air and Easyjet will be ready for a cleanup, in other words: to be taken over.

More: Criticism of the planned acquisition of ITA: “Lufthansa’s variety of brands is a problem”

NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA

By yjawq

Leave a Reply

Your email address will not be published. Required fields are marked *