Fining budget airlines will make flying more expensive, says easyJet boss [Yahoo! Finance Canada]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Yahoo! Finance Canada
budget carriers for charging passengers for hand luggage and seat reservations as “illegal” and warned the decision will make it more expensive to fly. EasyJet was given a penalty of €29m (£24.2m) by Spain's Consumer Rights Ministry earlier this month, along with Ryanair, which received the largest fine of €108m, and other airlines including Vueling, Norwegian and Volotea. The outgoing easyJet chief executive, Johan Lundgren, who is stepping down at the end of the year after seven years at the helm, described the penalty as “anti-consumer” and insisted offering passengers paid-for extras gave them choice. “We're offering people the choices to do and get what they pay for. One-third of our customers do not choose any ancillaries whatsoever,” Lundgren told the BBC's Radio 4 Today programme. He added that the imposition of the fines would “increase the underlying fare. It's going to make it more expensive to fly and travel for people who don't want to have this type of product.”
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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