EasyJet: We Expect All But 4 European Budget Airlines to Fail
April 24 2008 05:29 am
The head of EasyJet’s French operation made headlines by saying that having 50 budget airlines in Europe is “absurd” and that he expects only about 4 to survive (he cited Ryanair, EasyJet, one of the German low-costs, and an unspecified other in Europe as the survivors). He added that if he were to increase fares by 10%, load factors would drop by 25%.
Just wanted to pass this along to remind us that airlines around the world are feeling the same pain.
