€256 Million

Airlines

Italy Imposes Record Fine on Ryanair: €256 Million

Italy’s Competition Authority (AGCM) has imposed a €256 million administrative fine (approximately $302 million) on Irish low-cost airline Ryanair for abusing its dominant market position. In its investigation, the authority stated that the airline pursued a “bad-faith strategy” aimed at preventing online travel agencies (OTAs) and other intermediaries from purchasing tickets via the Ryanair website. According to the statement, Ryanair…