EasyJet: We Expect All But 4 European Budget Airlines to Fail
April 24 2008
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.
