Spain fines Ryanair, easyJet, others $187 million over cabin luggage fees [Yahoo! Finance Canada]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Yahoo! Finance Canada
Ryanair, easyJet, Vueling, Norwegian and Volotea a combined 179 million euros ($187 million) for practices such as charging for cabin luggage, it said on Friday. The ministry upheld the fines that were announced in May and dismissed the appeals lodged by companies. It said in a statement the airlines violated customer rights when charging for larger carry-on luggage, picking seats or boarding pass printouts and not allowing cash payments at check-in desks or to buy items on board. Ryanair was fined 108 million euros, while IAG's low-cost unit Vueling was fined 39 million euros, easyJet 29 million euros, Norwegian 1.6 million euros and Volotea 1.2 million euros. Spanish airlines industry group ALA will appeal the fine in court, it said in a separate statement. The fines are a challenge to budget airlines' business models, which hinge on charging rock-bottom fees for tickets and adding supplemental fees for things like larger carry-on bags that were previously not charged by t
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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 budget airlines including Ryanair total of €179m [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 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