Ryanair CEO O’Leary Lambasts Italian Fare Cap as Illegal, Weighs Route Culls

Ryanair Holdings Plc Chief Executive Officer Michael O’Leary blasted Italy’s new cap on airfares as “illegal” and impossible to comprehend, threatening to scale back some of the discount carrier’s flights on popular domestic routes if the government holds onto the measure.

“The price decree is illegal and completely unenforceable,” O’Leary said in an interview. The government failed “to explain how it works,” he said, following a meeting with Italian officials.