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Budget carrier, Ryanair, has announced that in reaction to the UK government’s Air Passenger Duty (APD), it will be reducing its winter capacity in the UK by 16 per cent. The airline claims that by doing this it will be able to reduce costs and boost profits. Speaking at a press conference, Ryanair’s chief executive, Michael O’Leary, said that the APD, as well as the high airport charges being levied by BAA, was harming both tourism in the UK and the country’s economy. Ryanair plans to move some of its London-based aircraft to less expensive European bases where governments have cut [...]