Mexico’s anti-monopoly agency has fined the Cancun International Airport the equivalent of about US$3.7 million for not allowing more taxis to compete and lower fares for travelers.
The federal competition commission claimed the airport improperly resisted allowing more taxis at the airport, resulting in prices that were about 8% higher than they should have been.
Over eight years studied by the agency, that was estimated to cost travelers almost US$5 million in higher fares.
The agency claims the airport got a cut of each fare, suggesting it kept fares high to maintain that income. It ordered the airport to evaluate potential new competitors fairly and allow them to enter service quickly if they meet applicable standards.
Full Content: ABC News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI