tldrdaily.news logo
Tag

Ryanair

All articles tagged with #ryanair

business21 days ago

Ryanair Fined €256M in Italy Over Abusive Sales Strategy

Ryanair was fined €256 million by Italy's competition authority for abusing its dominant market position by implementing strategies to hinder online travel agencies from selling its tickets, aiming to force sales through its own website, which the airline plans to appeal. The authority accused Ryanair of creating technical obstacles and restricting competition, while the airline argued that its direct sales model benefits consumers with lower fares. Despite the fine, Ryanair remains highly valuable and is planning a leadership transition.

via The Guardian|
#business#competition-law#fine
business7 months ago

Ryanair CEO Michael O’Leary Approaches €100 Million Bonus Milestone

Ryanair CEO Michael O’Leary is set to receive over €100 million in share options after the airline's shares met key performance targets, with the payout contingent on remaining with the company until 2028. This potential windfall highlights the high-stakes executive compensation in European aviation, driven by Ryanair's growth and market position.

via Financial Times|
#airline#bonus#business
business1 year ago

Spain Fines Budget Airlines $187M for Excessive Luggage Fees

Spain's Ministry of Consumer Rights has fined five low-cost airlines, including Ryanair and EasyJet, a total of $187 million for "abusive" practices such as charging extra for cabin luggage. Ryanair received the largest fine, while other airlines like Vueling and Norwegian were also penalized. The airlines plan to appeal, arguing the fines are illegal under EU law. This comes amid challenges for budget airlines, including rising fuel costs and aircraft delivery delays.

via CNBC|
#airlines#business#consumer-rights
travel1 year ago

"Family's £165 Loss in Ryanair Check-In Dispute"

A family was charged £165 by Ryanair to check in at the airport, leading to a dispute that was ruled in favor of the airline by an independent ombudsman. The passenger, Damian Lloyd, expressed frustration with the airline's handling of the situation and its refusal to refund the fee. This incident has brought attention to the issue of airline fees, with critics arguing that such charges for simple mistakes are unfair and contribute to negative perceptions of airlines like Ryanair.

via BBC.com|
#airline-fees#check-in#dispute-resolution
business-aviation1 year ago

"Boeing Delays Prompt Ryanair to Consider 10% Fare Hike and Summer Flight Cuts"

Ryanair may have to raise flight prices by 5% to 10% and cut routes this summer due to Boeing 737 Max production delays, which will result in fewer aircraft than expected. The airline was slated to receive 57 Boeing 8200 aircraft by April but will now only receive around 50 by June. If the delivery shortfall persists, Ryanair may carry only 200 million passengers instead of the previously forecasted 205 million for the upcoming financial year. The airline is in discussions with Boeing for compensation over the delays and may consider purchasing Boeing 737 Max 10 aircraft if other carriers cancel their orders.

via Fox Business|
#737-max#airline-fares#boeing
businessaviation1 year ago

Ryanair Faces Summer Flight Cuts Amid Boeing Delays

Ryanair may have to cut its summer flight schedule due to further delays in receiving Boeing aircraft, with CEO Michael O'Leary expressing frustration over the lack of clarity from Boeing. The airline was originally expecting 57 Boeing MAX 8200 planes by end-April, but has been informed it will receive around 50 by end-June, potentially leading to capacity cuts and increased ticket prices for customers. O'Leary criticized Boeing's communication and expressed interest in taking planes from other carriers if available. The airline is discussing compensation with Boeing to mitigate losses.

via Reuters|
#boeing#businessaviation#compensation
business1 year ago

"Ryanair Seeks Compensation from Boeing for Delivery Delays Impacting Summer Flights and Fares"

Ryanair is demanding compensation from Boeing for the delays in the delivery of its aircraft. The airline has faced setbacks due to the delayed delivery of the Boeing 737 MAX aircraft, which has affected its growth plans. Ryanair is seeking compensation for the costs incurred as a result of the delays and is in discussions with Boeing to resolve the issue.

via Financial Times|
#aircraft-delivery-delays#boeing#business