LCCs: Green Means More Expensive
The good ship Ryanair has remained an oak among other sapling LCCs that have gotten ripped up in the whirlwind of rising oil prices and a near global recession. But a new foe for free flights emerged this week in the form of an EU mandate that will require airlines to pay for the harm they do to the environment. CEO Michael O'Leary said this could turn into a green surcharge for fliers.
With plans to double in size in the next four years, the new payments to Brussels could cost Ryanair upwards of €250 million, half its 2007 profits. O'Leary defended the airline saying its been a trailblazer, flying planes slower than average for the last 10 years specifically to save fuel, a practice most airlines are just now introducing.
The EU wants to put the mandate into effect by 2011, so there's still some time to get crunk in a random foreign city for little to no cost. But maybe it's time for the Europeans to start investigating some alternative fuels?
Related Stories:
· Green Tax from Brussels to Hike Ryanair Fees [Independent]
· Low Cost Carriers coverage [Jaunted]
· Green Travel coverage [Jaunted]
[Photo: aromano]
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