StockMarketWire.com - Ryanair plans to grow traffic at its Irish airports by at least 1 million passengers per annum from April next year.

Ryanair says this in a direct response to the government's announcement in yesterday's (16 October) budget that the €3 travel tax (which applies only to air passengers) will be scrapped in April.

Ryanair said that since the travel tax was introduced in January 2009, traffic at the main Irish airports had declined from 30.5 million passengers in 2008 to 23.5 million in 2012.

Ryanair believes that much of this traffic can now be recovered thanks to the abolition of the travel tax, which makes Ireland a more competitive and attractive destination for inbound visitors, particularly those on short flights from the UK and continental Europe.


At 3:21pm: [LON:RYA] Ryanair Holdings PLC share price was +0.03p at 6.18p



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