Originally Posted by
SHVC
Cant say I agree with this model. However I have read there is talk of implanting some kind of compensation. If airlines are going to be bound by this I believe all transport should be such as bus services and especially Sydney trains.
It's a framework that has been in place for a while now in the EU. It doesn't appear to have either sent an airline to the wall yet, or had a serious impact on ticket costs. With the potential to bung something like a €40K-50K liability on pretty much any flight, I can only imagine that there is a laser-like focus on the clock if there's even a whiff of a delay.
Ryanair provided a handy summary of the potential effect of the regulation, together with some recent case rulings, in the Risk Factors section of their 2023 annual report (relevant section below). I couldn't see any specific breakout of compensation paid under the regulation in their financial reporting (but I didn't break out the fine tooth comb, so it may be buried in there somewhere).
Source: Ryanair Group 2023 Annual Report