Ryanair (RYA.I) is facing challenges at both ends of its price range, with Europe's largest airline taking aim at proposed minimum fares in France after fending off a cap on what it charges in Italy.
Ryanair warns of damages from European protectionist proposalsis facing challenges at both ends of its price range, with Europe's largest airline taking aim at proposed minimum fares in France after fending off a cap on what it charges in Italy.
Ryanair now generates more than a fifth of its revenues - almost 2.4 billion euros in its last financial year - on Italian routes, and claims a market share in excess of 40%. Alarmed by the prices of domestic flights to Sicily and Sardinia in high season, the government passed a decree in August to cap them, striking a chord with Italians who want to return to their native regions to visit families in summer.
The German airline has agreed to take a 41% stake in ITA, although the deal is awaiting clearance from the European authorities, to
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