Ryanair forced to raise ticket prices

“IRISH low-cost airline Ryanair has lodged a formal complaint with the European Commission, after rival airlines forced them to increase ticket prices due to rising fuel surcharges. Last month, German flag carrier Lufthansa, Air France, KLM of the Netherlands and Swiss all said they would add the surcharges to their ticket prices in response to surging oil rates.

Ryanair contended in a statement the surcharge increases amounted to “blatant price fixing” between four airlines – an accusation denied by Lufthansa and Air France – that accounted for about 30 per cent of the European short-haul market.”

Link: http://www.news.com.au