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Stock impact report

Spain fines 'abusive' budget airlines 179 mn euros [Yahoo! Finance]

EASYJET PLC S/ADR (ESYJY) 
NASDAQ:AMEX Investor Relations: corporate.easyjet.com/investors.aspx
Company Research Source: Yahoo! Finance
The carriers, which included Spanish airlines Volotea and Vueling along with Norwegian Air, were also fined for charging passengers to reserve adjacent seats for children and other dependents and not accepting cash when selling tickets at airports, the consumer rights ministry said. Irish no-frills carrier Ryanair, which was the first to start charging extra for hand luggage in November 2018, was slapped with the biggest fine of 107.8 million euros. Vueling -- part of the International Airlines Group which also owns British Airways -- was ordered to pay 39.3 million euros. EasyJet was fined 29.1 million euros, Norwegian Air 1.6 million euros and Barcelona-based Volotea 1.2 million euros. The fines are also for providing misleading information and lack of price transparency "which hinders consumers' ability to compare offers" and make informed decisions, the ministry said. Ryanair was specifically fined for charging passengers a "disproportionate amount" for printing their b Show less Read more
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