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12th March, 2025
Ryanair announces major expansion plans in Hungary
Ryanair unveiled ambitious expansion plans for its Hungary operations at a press conference in Budapest on Tuesday.
The airline’s commercial director, Jason McGuinness, credited the Hungarian government’s decision to abolish the extra profit tax on airlines, saying that this has enabled the company to pursue bolder growth in the country.
For the summer of 2025, Ryanair will connect Budapest to 68 destinations, with over 640 flights, including four new routes: Castellón (Spain), Katowice (Poland), Liverpool (England), and Toulouse (France).
These new destinations will be available at a special introductory price of Ft 7,919 until the end of May.
Ryanair’s expansion includes a $1 billion investment, with ten aircraft based in Budapest, including two Boeing 737 8-200s.
This development will create 4,200 jobs and increase passenger traffic by 13% on routes related to Budapest, reaching 5.6 million travellers annually.
Looking ahead, Ryanair aims to expand further, with plans to invest an additional €1.6 billion in Hungary over the next five years.
By 2030, the airline intends to add services to Debrecen and Lake Balaton, bringing 16 base aircraft and 180 new highly paid employees to Hungary.
With rising passenger traffic, Ryanair projects nine million passengers yearly by 2030.
Analysts believe Ryanair’s expansion could drive a 15% potential upside for its share price.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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