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  5. PRESS; On the Beach sues Ryanair on abuse of "dominant" position

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Share Price Information for On The Beach (OTB)

London Stock Exchange
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Share Price: 140.00
Bid: 139.80
Ask: 140.20
Change: 0.00 (0.00%)
Spread: 0.40 (0.286%)
Open: 140.20
High: 141.20
Low: 139.20
Prev. Close: 140.00
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PRESS; On the Beach sues Ryanair on abuse of "dominant" position

Fri, 22nd Oct 2021 21:28

(Alliance News) - On the Beach PLC is suing Ryanair Holdings PLC for blocking the Manchester-based online travel agent from booking flights with the Irish low-cost carrier, the Financial Times reported on Friday.

According to legal documents filed with the High Court, On he Beach has claimed that Ryanair had broken competition rules by blocking its credit cards and preventing customers from managing bookings online.

On the Beach has also claimed that Ryanair has abused its "dominant" position in market, made "false and disparaging claims" about the company and has prevented it from making a booking through Ryanair by preventing On the Beach from making an account.

In particular, On the Beach is seeking damages from the airline.

https://www.ft.com/content/130083dc-dc26-4565-94c3-a17f9de523fb

Shares in On the Beach closed 2.4% lower at 330.50 pence on Friday in London, while Ryanair's shares ended 0.4% lower at EUR16.02.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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