Share Name Share Symbol Market Type Share ISIN Share Description
Ryanair Holdings Plc LSE:RYA London Ordinary Share IE00BYTBXV33 ORD EUR0.006 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.31 -2.03% 14.99 14.98 15.02 15.70 14.855 15.70 54,813 15:04:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,635.8 -1,108.7 -91.4 - 16,917

UK Regulator Closes Investigation Into BA, Ryanair Over Covid-19 Refunds -- Update

07/10/2021 11:23am

Dow Jones News

Ryanair (LSE:RYA)
Historical Stock Chart

From Sep 2021 to Dec 2021

Click Here for more Ryanair Charts.

By Anthony O. Goriainoff


The U.K. markets regulator said Thursday that it was closing its investigation into British Airways--part of International Consolidated Airlines Group SA--and Ryanair Holdings PLC over customer refunds related to Covid-19.

The Competitions and Markets Authority said its investigation concluded that the law didn't provide passengers with a sufficiently clear right to a refund under the special circumstances brought about by the pandemic to justify continuing with the case. The regulator noted that it can only enforce the law as it stands.

"Consumer protection law sets out that passengers are entitled to refunds when an airline cancels a flight, because the firm cannot provide its contracted services. However, it does not clearly cover whether people should be refunded when their flight goes ahead but they are legally prohibited from taking it," the CMA said.

The regulator launched a probe in June 2021 into the airlines over concerns that they may have broken the law by failing to offer refunds to customers who couldn't legally fly during the lockdown.

Ryanair said it welcomed the CMA's decision to close its investigation as it operated a limited schedule during U.K. lockdowns for passengers travelling for essential reasons.

"Passengers had the option to change their bookings without paying the flight change fee and many availed of this option," the airline said.


Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com


(END) Dow Jones Newswires

October 07, 2021 06:08 ET (10:08 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Ryanair Chart

1 Year Ryanair Chart

1 Month Ryanair Chart

1 Month Ryanair Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211209 15:19:05