EU ready to rule against Ryanair

THE EU Commission is expected to rule today that Ryanair’s deal with Charleroi airport is illegal.

Its decision could result in the low fares airline being forced to pay back between €4m and €10 million in aid from the Walloon state government.

The airline’s shares fell nearly 30% last week after it warned profits this year would be 10% less than the previous year’s outturn.