Mexican regulator raps Cancun airport

Mexico’s competition regulator said it fined the airport at tourist hot spot Cancun $3.7 million for blocking new taxi operators, which it said reduced competition and effectively overcharged millions of passengers.

Grupo Aeroportuario del Sureste, the Mexican company that runs the Cancun airport along with 15 others across Latin America, said it will challenge the ruling and the fine, Reuters reports.