The Trader 

Market Outlook: France to tax flights from its airports

The Trader

City AM reports that yesterday French transport minister Elisabeth Borne would introduces taxes on flights from French airports. A sliding scale of levies per person will cover internal and intra-EU flights, increasing for flights abroad, and higher still for premium class seats. Proceeds would be used to support the environment, especially local trains. Airline shares dropped, Air France by 3 per cent as it estimated the move would cost them €60 million per annum and put the company at a competitive disadvantage. Ryan Air shares shed 5 per cent, EasyJet 3 per cent. In Britain, the Committee on Climate Change told ministers to ‘get real’ where the aim of net neutral emissions was not going to be reached because the pace was far too slow; much more needed to be done.

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