Spain fines Ryanair, others $187 mln over cabin bag fees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
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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.
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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.
