Ryanair, the Irish budget airline, has announced its intentions to strengthen its market leadership in Italy, despite facing recent regulatory challenges. The airline’s ambition includes potential acquisition of slots at Rome’s Fiumicino airport, contingent on the merger between Lufthansa and ITA Airways.
At a press conference in Rome, Ryanair’s CEO, Michael O’Leary, highlighted the airline’s ongoing dispute with Italy’s antitrust authority, AGCM. The contention arose from Ryanair’s limitations on the sale of its tickets by travel agencies, including a clash with the Spanish online travel agency eDreams.
Related: RyanAir To Appeal Italian Antitrust Fine
The AGCM has mandated Ryanair to cease its restrictive practices against travel agencies, a move that Ryanair vehemently opposes. O’Leary, demonstrating his protest with a placard stating “Stop OTA Pirates, Protect Passengers,” announced plans to appeal any adverse ruling by the AGCM. Ryanair is also preparing to file a counter-complaint against eDreams, accusing it of misleading customers with a Prime membership service that promises non-existent discounts.
eDreams has responded to the controversy by condemning Ryanair’s tactics, labeling them as aggressive and indicative of the airline’s anti-competitive behavior.
As the dispute unfolds, Ryanair remains confident in its legal position and is set to meet with the AGCM to discuss the matter further.
Source: XM
Featured News
NCAA Antitrust Settlement Clears First Approval Stage
May 21, 2024 by
CPI
Justice Department’s Antitrust Chief Celebrates Merger Stoppages
May 21, 2024 by
CPI
Scarlett Johansson Accuses OpenAI of Mimicking Her Voice for ChatGPT
May 21, 2024 by
CPI
Brazil’s Central Bank Announces Phased Approach to Crypto Regulation
May 21, 2024 by
CPI
Romania’s Competition Authority Approves Acquisition of Meat Product Retailers by Abatorul Peris
May 21, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI