Ryanair Holdings PLC
22 April 2008
RYANAIR WELCOMES COMPETITION COMMISSION REPORT
BAA'S AIRPORT MONOPOLY AND INADEQUATE REGULATORY SYSTEM
ARE BAD FOR COMPETITION AND CONSUMERS
Ryanair, Britain's largest passenger airline today (Tuesday, 22nd April 2008)
welcomed the Competition Commission's Report on its emerging thinking into the
BAA airport monopoly, and renewed its call on the UK Government to break up the
BAA monopoly which has been bad for consumers, bad for passengers and is
damaging UK tourism. Ryanair believes that the three London airports should be
spun out into separate ownership and encouraged to compete against each other. A
similar solution would improve competition, services and passenger charges at
Glasgow and Edinburgh airports also.
Speaking today, Ryanair's Peter Sherrard said:
'Ryanair welcomes the Competition Commission's report into its emerging
thinking. We fully support the Competition Commission's view that:
a. The BAA's monopoly ownership of Edinburgh and Glasgow airports has adversely
affected competition.
b. The BAA's monopoly ownership of Heathrow, Gatwick and Stansted airports has
adversely affected competition.
c. The way the BAA monopoly has conducted its business has adversely affected
competition.
d. The inadequate regulatory regime operated by the CAA has adversely affected
competition.
'The recent chaos at Heathrow's Terminal 5, the continuing long passport
and security queues at Stansted, and the 47% price increases at Gatwick
Airport clearly proves that the BAA monopoly over the London airports is
bad for consumers, bad for passengers and bad for UK tourism. The CAA's
recent decision to reward the BAA's incompetence with double digit price
increases proves again that the CAA is incapable of regulating the BAA
monopoly in the interests of users.
'Monopolies don't work. Competition does. Ryanair had long called for
the break up of the BAA monopoly, because we believe that competition
between the three London airports (Heathrow, Gatwick and Stansted) would
lead to faster delivery of additional capacity at each of these
airports, would lead to real competition between the airports and this
competition will result in better facilities, improved passenger service
(and let's face it passenger service at the London airports couldn't be
any worse) and lower costs for UK consumers and visitors.
'The BAA airport monopoly has failed. The CAA regulatory regime has
failed. The Competition Commission has correctly identified this failure
and we again call on the UK Government to break up this failed airport
monopoly and allow competition to put the interests of British consumers
/users first. Competition works, monopolies don't'.
Ends. Tuesday, 22nd April 2008
For reference:
Peter Sherrard, Ryanair Pauline McAlester, Murray Consultants
Tel: +353-1-8121598 Tel: +353-1-4980300
This information is provided by RNS
The company news service from the London Stock Exchange
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