Spain fines Ryanair, others $187 mln over cabin bag fees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
0mins
Source: Reuters
Fines Imposed on Budget Airlines: Spain's consumer rights ministry has fined budget airlines, including Ryanair and Vueling, a total of 179 million euros for violating customer rights by charging for larger cabin bags and other services.
Industry Response and Appeals: The airlines plan to appeal the fines, arguing that they are politically motivated and violate EU law, with industry representatives claiming the decision could negatively impact the Spanish travel sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
