Ryanair Holdings PLC Form 6-K Filing Summary

Ryanair Holdings PLC has announced its intention to appeal a ruling and a €256 million fine imposed by the Italian Competition Authority (AGCM). The airline asserts that the AGCM's decision is legally flawed and contradicts a Milan Court ruling from January 2024, which affirmed that Ryanair's direct distribution model benefits consumers by ensuring competitive fares and price transparency. The AGCM's ruling allegedly ignores the Milan Court's findings and Ryanair's non-dominant market position in Italy. Ryanair argues that its direct distribution model, established in 1999, allows it to offer the lowest fares by eliminating intermediary costs. The company plans to challenge the AGCM's ruling, which it believes undermines consumer protection and competition law, and is confident in a successful appeal. The filing also details Ryanair's history with online travel agents (OTAs) and its efforts to prevent them from overcharging consumers.