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Thomas Cook chief adds call for APD abolition

APD
Gary Noakes
25 October 2016

Thomas Cook’s boss has joined the call to get Air Passenger Duty abolished, arguing that it is bad for holidaymakers and UK PLC.

Peter Fankhauser, Thomas Cook Board

Peter Fankhauser, Cook’s group chief executive, called APD “a tax on people’s holidays” and one that had risen by 820% since 1994. APD produces more than £3 billion for the Exchequer, but Fankhauser claimed abolishing it would boost UK GDP by 1.7% and created more than 60,000 jobs by 2020.


“That’s because getting rid of it will improve our international competitiveness, make it cheaper for people go on holiday or for foreign tourists to visit the UK. APD in the UK is more than twice the rate of the next highest air tax in Europe, Germany,” he said.