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Stock impact report

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

EASYJET PLC S/ADR (ESYJY) 
NASDAQ:AMEX Investor Relations: corporate.easyjet.com/investors.aspx
Company Research Source: MSNBC.com
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.RyanairpenaltyEasyJetThe 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 criticized for "disproportionate and abusive" charges to print tickets, allegedly omitting or failing to clarify pricing information on their websites, and failing to allow cash payments at Spanish airports.Spain's Association of Airlines (ALA) said it will appeal the fine for cabin luggage fees in court, dubbing the penalty as "manifestly illegal" and against European norms, according to a CNBC translation of a statement from the industry group."If implemented, the resolution of the Ministry of Consumer Rights would imply irreparable damage to [the] passenger, an attempt against thei Show less Read more
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