Summary
RYANAIR warned yesterday that it will be forced to raise its fares after the European Commission ruled that the airline had received illegal subsidies from a Belgian airport.
The widely-expected decision prompted anger and an immediate appeal from the Irish carrier, but it was welcomed by other airlines, including no-frills rival EasyJet. Ryanair will have to repay about a third of the subsidies - GBP 3 million - from publicly- owned Charleroi airport, near Brussels, however, it claimed that the "bizarre" ruling would be a "disaster" for passengers, no-frills airlines and other regional airports.See the full content of this document
Extract
Ec Ruling a 'Disaster' for Ryanair
The news came as Ryanair's load factors - the percentage of seats filled - slumped 5 per cent to 71 per cent last month compared to a ...
See the full content of this document
Sponsored links
