Airlines fume after Spain hits low-cost carriers with $187 million in fines [Business Insider]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
US:NASDAQ Investor Relations:
investor.ryanair.com
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Source: Business Insider
Ryanair faces the largest fine, at around 107.8 million euros ($112.3 million). Vueling was given a fine of 39.3 million euros ($40.9 million), easyJet 29.1 million euros ($30.3 million), Norwegian 1.6 million euros ($1.7 million), and Volotea 1.2 million euros ($1.3 million). The decision has led to significant pushback in the industry. The International Air Transport Association (IATA) has condemned the move, saying it undermined freedom of pricing. Willie Walsh, IATA's director general, called it "a slap in the face of travelers who want choice." "Prohibiting all airlines from charging for cabin bags means that the cost will be automatically priced into all tickets," Walsh said. In a statement to Business Insider, an easyJet spokesperson said the low-cost carrier would appeal the decision and found the proposed sanctions "outrageous." "All of our customers can bring a small cabin bag for free which gives them the flexibility to only pay for what they want to," they add
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News
- Ryanair Strengthens Market Position with Share Buy-back [Yahoo! Finance]Yahoo! Finance
- 3 Airline Stocks to Bet on Post IATA's Bullish 2025 Forecast [Yahoo! Finance]Yahoo! Finance
- Airline pilots, crews voice concerns about Middle East routes [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Ryanair (RYAAY) Stock? [Yahoo! Finance]Yahoo! Finance
- These airlines saw the most delays and complaints in 2024 [Fortune]Fortune
RYAAY
Sec Filings
- 12/20/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/18/24 - Form 6-K
- RYAAY's page on the SEC website