Ryanair slashes UK flight schedule

Budget airline Ryanair announced plans Tuesday to slash its winter flights schedule from its main UK hub, blaming a collapse in the British tourism industry, rising airport costs and "insane" aviation taxes. The Irish carrier currently operates 40 aircraft out of Stansted Airport, near London, but it plans to cut capacity by 40 percent to 24 aircraft by October 2009. That will mean a 30 percent drop in the number of weekly flights and a loss of 2.5 million passengers between October and March 2010, Ryanair said in a statement