eDreams Reaches Partial Agreement With Iberia, British Airways on Airfares
MADRID—Two of Europe’s leading airlines and travel company eDreams Odigeo SA reached partial agreement over how the Spanish firm displays airfares after a dispute triggered a plunge in its stock price.
Shares in eDreams Odigeo fell 59% Friday after Iberia and British Airways removed their flight listings from three of its 67 websites, saying the sites were giving one ticket price when a user selected a flight and a higher price when the reservation was complete. The carriers said they restored sales through two of the sites—www.edreams.es and www.opodo.fr—over the weekend after eDreams Odigeo, one of the world's largest travel-reservation companies, agreed to display the full ticket price from the start. Talks over price listings on the third site, www.edreams.com, were continuing.
In an interview Sunday, eDreams Odigeo's founder and chief executive, Javier Pérez-Tennesa, said British Airways and Iberia had acted in an "ill-intentioned" way. He said the airlines were trying to strong-arm his firm into accepting their terms in a commercial dispute unrelated to the issue of ticket price transparency—an assertion Iberia denied.
"This wasn't about noncompliance of transparency rules. It was about a lack of compliance to [the airlines'] own imposed rules," Mr. Pérez-Tenessa said.