The Motley Fool

On The Beach (LON:OTB) is suing Ryanair (LON:RYA)

A Ryanair cabin crew member
Image: Ryanair

The online package holiday dealer On The Beach (LSE:OTB) has begun pursuing legal action against Ryanair (LSE:RYA). The firm filed a claim in the UK High Court accusing the budget airline of blocking it from booking passenger seats on flights, forcing customers to book directly and pay potentially higher fees.

What’s Ryanair up to?

Ryanair has a history of tension with third-party flight bookers. The firm generates a large chunk of its income from selling additional services like hotel bookings and priority boarding. If a ticket is booked through a package holiday dealer rather than directly, the company looses the opportunity to further monetise its passengers. This is likely one of the primary reasons the group encourages people to avoid online travel agents entirely.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.

Click here to claim your free copy now!

Ryanair has also previously accused online travel agents of using fake information and virtual credit cards to complete its bookings. This allegation has been vehemently denied by On The Beach in its new lawsuit. It also states that Ryanair is abusing its dominant position in the short-haul flight market. Beyond blocking bookings, the firm claims that Ryanair has failed to provide refunds for cancelled flights during the pandemic. This has triggered the travel agent to suffer a £48.7m loss that it calls “unlawful”.

Ryanair has yet to present its side of the argument and hasn’t commented on any of the accusations made by On The Beach.

One FTSE “Snowball Stock” With Runaway Revenues

Looking for new share ideas?

Grab this FREE report now.

Inside, you discover one FTSE company with a runaway snowball of profits.

From 2015-2019…

  • Revenues increased 38.6%.
  • Its net income went up 19.7 times!
  • Since 2012, revenues from regular users have almost DOUBLED

The opportunity here really is astounding.

In fact, one of its own board members recently snapped up 25,000 shares using their own money...

So why sit on the side lines a minute longer?

You could have the full details on this company right now.

Grab your free report – while it’s online.

Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has recommended On The Beach. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Our 6 'Best Buys Now' Shares

Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply click below to discover how you can take advantage of this.