Spain fines budget airlines including Ryanair total of €179m [Yahoo! Finance Canada]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Yahoo! Finance Canada
charging passengers for hand luggage and seat reservations, prompting the Irish carrier to say banning the practices would “destroy” the ability to offer cheap tickets. Spain's Consumer Rights Ministry announced the sanctions on Friday, with Ryanair given the biggest fine, of €108m, and easyJet was fined €29m. Vueling, the low-cost operation of the British Airways owner IAG, has been fined €39m, and Norwegian Airlines and Volotea have been fined €1.6m and €1.2m. The ministry is upholding fines announced in May after dismissing appeals lodged by the low-cost airlines. Ryanair said it had instructed lawyers to appeal against what it called the “baseless” fines. The airline said that the practices are permitted under European legislation, and that banning them would “destroy” the ability of low-cost operators to pass on cost savings to consumers through cheaper-priced fares. Michael O'Leary, Ryanair's chief executive, said: “These illegal and baseless fines, which have been i
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High impacting Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares news events
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RYAAY
News
- Ryanair and easyJet fined £100m over baggage fees [Yahoo! Finance]Yahoo! Finance
- Ryanair and easyJet fined £100m over baggage fees [Yahoo! Finance Canada]Yahoo! Finance Canada
- Spain fines 5 low-cost airlines €179mn for ‘abusive’ practices [Financial Times (FT.com) (UK)]Financial Times
- Spain fines Ryanair, easyJet, others $187 million over cabin luggage fees [Yahoo! Finance Canada]Yahoo! Finance Canada
- Spain fines five low-cost airlines €179mn for ‘abusive’ practices [Financial Times (FT.com) (UK)]Financial Times
RYAAY
Sec Filings
- 11/22/24 - Form 6-K
- 11/22/24 - Form 6-K
- 11/21/24 - Form 6-K
- RYAAY's page on the SEC website