Tax removal driving airline expansion
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Ryanair Boosts Pescara Airport With Record Routes and 1.3M Passengers
ZACKSยท 2025-12-02 16:46
Core Insights - Ryanair's announcement signifies a significant advancement for Pescara Airport and the Abruzzo Region, with the elimination of the Municipal Tax leading to an 80% increase in passenger traffic [1][8] - The airline is investing $200 million and will base two aircraft year-round at Pescara, marking its first winter deployment at the airport while expanding to a record number of routes for Winter 2025 and Summer 2026 [1][8] - The decision to abolish the tax has enhanced Pescara's competitiveness, prompting Ryanair to add capacity, launch new routes, and support over 1,000 jobs [2][8] Investment and Economic Impact - Ryanair is advocating for the Italian Government to extend the tax removal nationwide, which could potentially unlock 20 million additional passengers, 40 new aircraft, and over 250 new routes across Italy [3] - The proactive policy changes and Ryanair's investments are reshaping regional air travel and delivering significant economic benefits, as evidenced by Pescara's busiest seasons and ongoing expansion [3] Stock Performance - Ryanair's shares have increased by 51.1% over the past year, significantly outperforming the 9.4% growth of the Zacks Transportation - Airline industry [4]