Germany: Huge Costs Hit the Aviation Industry Hard

Zhitong
2024.11.02 20:16

Currently, the aviation business in Germany is experiencing a sharp decline. For airlines, the site selection costs at German airports are particularly high, including air traffic control fees, aviation taxes, and aviation security fees. According to German media reports, aviation taxes in Germany increased by 20% this May, with an average ticket price increase of €15.53, and the highest increase reaching €70.83. Under these high taxes and fees, executives from several airlines, including Lufthansa and Ryanair, have expressed dissatisfaction. Lufthansa's Chairman and CEO Carsten Spohr stated, "I am very concerned about the connectivity between our different operating locations; the actions of the German government are exacerbating the crisis in the aviation industry." Many airlines have indicated plans to further withdraw from the German market

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.