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Mexico: Regulator fines Cancun airport US$3.7M for taxi monopoly

By  |  August 25, 2019

Mexico’s anti-monopoly agency has fined the Cancun International Airport the equivalent of about US$3.7 million for not allowing more taxis to compete and lower fares for travelers.

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    The federal competition commission claimed the airport improperly resisted allowing more taxis at the airport, resulting in prices that were about 8% higher than they should have been.

    Over eight years studied by the agency, that was estimated to cost travelers almost US$5 million in higher fares.

    The agency claims the airport got a cut of each fare, suggesting it kept fares high to maintain that income. It ordered the airport to evaluate potential new competitors fairly and allow them to enter service quickly if they meet applicable standards.

    Full Content: ABC News

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