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Stock impact report

Spain slaps $187 million fine on Ryanair, EasyJet and others for ‘abusive' cabin luggage fees [CNBC]

EASYJET PLC S/ADR (ESYJY) 
NASDAQ:AMEX Investor Relations: corporate.easyjet.com/investors.aspx
Company Research Source: CNBC
Ryanair was struck with the lion's share of the penalty, receiving a 107.78-million-euro fine. Spain's Association of Airlines said that it will appeal the fine for cabin luggage fees in court, dubbing the penalty as “manifestly illegal” and against European norms. Spain's Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for “abusive practices” including charging additional cabin luggage fees. Ryanair was struck with the lion's share of the penalty , receiving a 107.78-million-euro fine. Spanish low-cost airline Vueling was ordered to pay 39.2 million euros and EasyJet was fined 29 million euros. Scandinavia's second-largest airline Norwegian and Spanish airline Volotea each received penalties in excess of 1 million euros. The five airlines should discontinue their practice of requiring additional payment for cabin luggage and reserving a seat near a dependent traveler, the ministry said. The airlines were also Show less Read more
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