Mexico Fines Cancun Airport $3.7 Million For Taxi Monopoly

MEXICO CITY (AP) — Mexico's anti-monopoly agency has fined the Cancun international airport the equivalent of about $3.7 million for not allowing more taxis to compete and lower fares for travelers. The federal competition commission said 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 $5 million in higher fares. The agency says the airport got a cut of each fare, suggesting it kept fares high to maintain that income.Read more on NewsOK.com

Topics:  mexico city ap     mexico   cancun   newsok   airport   million   taxi   monopoly   agency   fares   higher   travelers   allowing   
BING NEWS:
  • 10,000 London cabbies sue Uber for millions over taxi-booking rules
    A group of more than 10,000 black cab drivers is suing Uber after accusing it of breaching taxi-booking rules in London, in a move which could cost the ride-hailing giant more than £250 million.A ...
    05/1/2024 - 12:01 pm | View Link
  • Cancún taxi driver arrested after Canadian tourist reports exorbitant fare
    Canadian tourist Xavier Cormier shared on TikTok his story of being charged over US $700 for a five-minute cab ride in the airport.
    04/25/2024 - 10:53 am | View Link
  • Revealed: The £16.2m taxi and hotel bill to send prison staff around the country to plug gaps
    Exclusive: Taxpayers spent £16.2m on sending officers to assist struggling jails in 2023 – up from £2.3m four years ago ...
    04/20/2024 - 12:51 am | View Link
  • Startups Raise $331 Million for Flying Taxi Airports and AI Expense Management
    Last week was the second-biggest this year for travel startup funding. This week's total, $331 million, makes it the third-biggest this year.
    04/19/2024 - 7:21 am | View Link
  • Renting a Car in Mexico: An Insider's Guide
    You’re also less likely to find a taxi to drive you from an off-airport location ... of almost 130 million people that many roads have traffic, and plenty of it. Just as in the US, if you’re traveling ...
    12/8/2023 - 8:58 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News