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Wizz Air urges EU to keep 'use it or lose it' airport slot rule

By Alexander Cornwell (Reuters) - Europe's airport slot rules should not be changed to protect legacy airlines, the head of European low cost carrier Wizz Air said on Thursday,...
Wizz Air urges EU to keep 'use it or lose it' airport slot rule © Reuters. FILE PHOTO: CEO of Wizz Air, Jozsef Varadi speaks during the unveiling ceremony of the 100th plane of its fleet at Budapest Airport, Hungary, June 4, 2018. REUTERS/Bernadett Szabo

By Alexander Cornwell

(Reuters) - Europe's airport slot rules should not be changed to protect legacy airlines, the head of European low cost carrier Wizz Air said on Thursday, adding that if a company could not operate its slots they should be made available to rivals.

An easing of the "use it or lose it" rule has allowed legacy carriers to preserve airport access during the coronavirus crisis despite a sharp drop in traffic, sparking protests from low-cost rivals keen to expand into once-congested airports.

"Leave the slot rules as they used to be prior to the pandemic and the market will sort it out," Wizz Air CEO Jozsef Varadi told Reuters in an interview in Abu Dhabi.

"We would be able to operate those slots at constrained airports so why are they protected for the benefit of legacy carriers who are incapable of operating them because they are inefficient?"

Varadi said easing the rules was, in a way, "distorting the market" because it protected legacy carriers struggling to fill planes from lower cost rivals that could sell all their seats.

Under European Union airport rules, airlines must use at least 80% of their take-off and landing slots in order to keep them for the following year.

The EU suspended those rules at the start of the COVID-19 crisis, but has started partially restoring them, rekindling concerns over empty flights as the pandemic continues.

Varadi, head of Wizz Air since its inception in 2003, said access to airports should be prioritised as a public interest.

Ireland's Ryanair this week accused Lufthansa of exploiting climate concerns to stifle competition after the German carrier complained it had to operate tens of thousands of additional flights to comply with slot rules.

(Reporting Alexander Cornwell Editing by Keith Weir and Mark Potter)

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26-01-2022 10:19:39 (UTC+7)

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 EUR/USD1.1282↑ Sell
 GBP/USD1.3498↑ Sell
 USD/JPY114.36Sell
 AUD/USD0.7159↑ Sell
 USD/CAD1.2627Buy
 EUR/JPY129.03↑ Sell
 EUR/CHF1.0385Sell
 Gold1,838.00↑ Buy
 Silver23.907↑ Buy
 Copper4.4970↑ Sell
 Crude Oil WTI87.22↑ Buy
 Brent Oil88.77↑ Buy
 Natural Gas4.105↑ Sell
 US Coffee C239.53↑ Buy
 Euro Stoxx 504,169.55↑ Sell
 S&P 5004,426.77Neutral
 DAX15,468.12↑ Sell
 FTSE 1007,494.02↑ Sell
 Hang Seng24,289.90↑ Buy
 Small Cap 20002,037.45Neutral
 IBEX 358,647.85↑ Sell
 BASF67.530↑ Sell
 Bayer51.62Sell
 Allianz224.83Sell
 Adidas244.95↑ Sell
 Lufthansa7.045↑ Sell
 Siemens AG141.58↑ Sell
 Deutsche Bank AG11.431↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,190/ 6,240
(-5/ -5) # 1,175
SJC HCM6,180/ 6,245
(-10/ -10) # 1,179
SJC Hanoi6,180/ 6,247
(-10/ -10) # 1,181
SJC Danang6,180/ 6,247
(-10/ -10) # 1,181
SJC Nhatrang6,180/ 6,247
(-10/ -10) # 1,181
SJC Cantho6,180/ 6,247
(-10/ -10) # 1,181
Cập nhật 26-01-2022 10:19:41
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.460,0022.770,00
EUR24.918,8126.315,80
GBP29.789,2431.061,45
JPY192,82204,12
KRW16,3519,92
Cập nhật lúc 18:54:49 26/01/2022
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