Italy Launches Probe Against Ryanair's Market Practices: Report

Italy’s competition watchdog has reportedly launched an investigation into Ryanair Holdings plc's RYAAY market practices in the country.

The focus of the investigation is on the Irish budget carrier’s dominance in services for tourists, including car rental and hotel bookings, according to a report from Bloomberg.

The authority said Ryanair’s controlling position could harm travel agencies and clients.

“Ryanair’s conduct seeks to restrict travel agencies from selling airline tickets, which is typically the initial step in planning a holiday and a crucial entry point for selling additional services,” said the watchdog.

The probe comes at a time when the Italian government and Ryanair are engaged in a spat over a decree on a price cap for domestic airline tickets to the country’s island destinations.

Ryanair’s CEO Michael O’Leary expressed his contempt, saying the proposed price cap was illegal and also threatened to scale back flights on popular routes if the decree was implemented.

Also Read: Ryanair Forecasts To Breeze Past Monthly Passenger Record In August

Price Action: RYAAY shares are trading higher by 0.29% at $101.46 in premarket on the last check Wednesday.

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