Ryanair cuts operations at Budapest airport by 40%

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Ryanair has announced the suspension of 10 routes at Budapest Ferenc Liszt International airport, blaming owner Hochtief for failing to reduce charges at the gateway.

Effective 10 January 2013, the low-cost carrier will axe more than 110 weekly flights at the Hungarian capital - amounting to a 40% reduction of its operations at the gateway.

It will reduce the number of aircraft based at Budapest airport from five to three, which will further lead to frequency reductions on nine of its 20 remaining routes.

"Ryanair regrets Hochtief Budapest Airport's decision to increase charges, impose inefficient facilities and reject our proposals for a competitive growth offer which would have allowed Ryanair to grow traffic and routes at Budapest," says Ryanair chief executive Michael O'Leary.

Along with eastern European low-cost carrier Wizz Air, the Irish airline had been quick to grow market share in the Hungarian capital following the collapse of flag carrier Malev earlier this year.