14 h. ago Ryanair fined £224M amid 'complex investigation' over 'abusive strategy'

The budget airline company allegedly used an "abusive strategy" to hinder third-party travel agencies

Economics

15 h. ago Ryanair hit with huge fine in Italy over ‘abusive strategy’ with travel agencies

Ryanair’s chief executive, Michael O’Leary, branded the ruling ‘legally unsound’

Events

16 h. ago Ryanair fined £224m in Italy over ‘abusive strategy’ with travel agencies

The Italian competition watchdog claimed in its ruling that the airline deliberately made it difficult for agencies to buy flights on its website.

Economics

16 h. ago Ryanair fined $255 million by Italian regulator over dealings with travel agencies

The budget airline was hit with the huge charge after Italy's competition authority claimed it allegedly made it difficult, or stopped, travel agencies from combining Ryanair flights with other companies.

Economics

16 h. ago Tesla sales fall across Europe again as BYD surges; Ryanair to appeal €256m fine from Italy’s competition authority – business live

Rolling coverage of the latest economic and financial newsStocks are sneaking up a little in London this morning, but we can’t really call it a Santa Rally yet.The FTSE 100 share index has gained 14 points, or 0.14% to 9880, back towards last Friday’s near-record closing high of 9,897 points.Ryanair, Europe’s No.1 airline, today (Tues, 23 Dec) instructed its lawyers to immediately appeal both the bizarre/unsound ruling and the €256m fine, unjustly levied by the Italian Competition Authority (AGCM), which seeks to ignore – and overturn – the Jan 2024 Precedent Ruling of the Milan Court, which declared that Ryanair’s direct distribution model “undoubtedly benefits consumers” and leads to “competitive fares”. Continue reading...

Economics

16 h. ago Ryanair fined €256m over ‘abusive strategy’ to limit ticket sales by online travel agencies

Italy’s competition authority says Irish airline implemented technical obstacles to force sales through its own websiteBusiness live – latest updatesRyanair has been fined €256m (£223m) by Italy’s competition authority for abusing its dominant market position to limit sales of tickets by online travel agents.The authority said Europe’s largest airline had “implemented an abusive strategy to hinder travel agencies” via an “elaborate strategy” of technical obstacles for agents and passengers to make it difficult for online travel agents to sell Ryanair tickets and instead force sales through its own website. Continue reading...

Events

18 h. ago Tesla sales fall across Europe again as BYD surges; Ryanair fined €256m by Italy’s competition authority – business live

Rolling coverage of the latest economic and financial newsToday’s European car sales data shows that hybrid-electric cars (which have a fossil fuel engine and a rechargable battery) account for 34.6% of the total EU market this year.Since January, 3,408,907 hybrid-electric cars have been registered in the EU, with growth in the four biggest markets: Spain (+26%), France (+24.2%), Germany (+8.7%), and Italy (+7.9%). Continue reading...

Economics