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Easyjet to close Madrid base
June 21st, 2012 by elisa

Easyjet aircraft at Madrid, picture by Flickr user OxOx

Easyjet aircraft at Madrid, picture by Flickr user OxOx

 

Easyjet has announced that it will close its base in Madrid this winter. The decision follows a review of its operations, which revealed that the Spanish airport was delivering less returns compared to its other bases. The reasons are thought to be over capacity in the Spanish market, and high airport charges.

Easyjet said airport charges at Madrid had doubled in two years, and will continue to rise above inflation in the coming years. The airline said that it will continue to serve Spain, but its aircraft and crew will no longer be based at Madrid. It plans to reduce its capacity to the city by 20% in the next financial year.

The airline currently has 310 crew and eight aircraft based at Madrid, it says that all pilots and cabin crew will be offered jobs at its other European bases.

Any restructuring costs will be accounted for in the current financial year, but will be offset by the fall in fuel prices in May. It said: “Consequently management expectations for profit before tax for the financial year ending 30 September 2012 remain unchanged.”

 


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