Budget airline Ryanair will reduce flights to and from Berlin by 50% starting October 24, relocating seven aircraft based in the German capital to Sweden, Slovakia, Albania and Italy in response to looming increases in airport fees and Germany’s aviation tax regime. Berlin-based pilots and flight crew have been offered opportunities to transfer to other positions within Ryanair’s European network.

Twelve equity analysts covering Ryanair shares have assigned a consensus Moderate Buy rating, consisting of seven buy recommendations, four hold ratings and one strong buy. This reflects cautious optimism around the carrier’s strategic capacity shifts and efforts to optimize cost structures in higher-tax jurisdictions.