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Reuters
Ryanair boss says Europe entering ‘inevitable’ airline consolidation period
Europe was entering an “inevitable” post-pandemic period of airline consolidation as legacy flag-carriers struggle to navigate through a competitive landscape, the chief executive of low-cost carrier Ryanair said on Wednesday. “We are definitely, post-COVID, entering a four or five-year period of consolidation,” Ryanair’s Michael O’Leary told Reuters on the sidelines of a news briefing in Portugal’s capital Lisbon. Many of Europe’s legacy airlines are finding it tough to effectively compete with budget carriers, hampered by weak balance sheets that could be made more robust by merging with rivals, analysts have said.
