Just weeks after Ryanair shut down its base in Thessaloniki, FedEx is now scaling back its presence in Northern Greece, raising fears over job losses, higher costs and the growing concentration of logistics operations in Athens.

The European Commission is weighing extending its emissions trading system to all flights departing EU territory, rattling airlines and trading partners alike

The airport operator insisted that the Ryanair decision reflects the low-cost airline’s commercial strategy, as the latter moves to cut capacity and routes across Greece, citing rising costs

The Ireland-based low-cost carrier cited what it claims are rising charges by Fraport Greece; the decision will lead to route cuts, reduced winter capacity and suspension of off-season operations at key regional airports in the country