Similar Stories to Mexico Fines Cancun Airport $3.7 Million For Taxi Monopoly on Bing News

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Thu, 08/22/2019 - 9:45am

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

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Topics:  mexico city ap     mexico   cancun   newsok   airport   million   taxi   monopoly   agency   fares   higher   travelers   allowing   
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