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European airlines, look away now: Ryanair s chief executive Michael O Leary expects that most will disappear over the next half-decade.Briefing media in London on 31 August, O Leary predicted that, within such a timeframe, the sector would follow the US example and consolidate around four of five-ish big European airlines, all of whom will have grown to 150 million to 200 million passengers a year .He adds: If you look at the US market you see the emergence of four big carriers 鈥?they dominate the industry. You are already seeing the same trend here in Europe. While he foresees that Ryanair will develop to this size organically , O Leary expects the likes of IAG, Air France-KLM and Lufthansa to grow by merger and acquisition over that period of time .O Leary questions whether E
stanley taza asyJet can remain independent, floating the prospect that the UK airline could be merged with someone 鈥?possibly an Air France, or an IAG here in Gatwick, or Air France in Paris .He argues that EasyJet will struggle to compete with us on price and suggests that it could adopt a fortress strategy of
tappo stanley developing a big impregnable position at hubs such as Paris and London Gatwick.Ryanair will not be able to move in on them , he says, but he also casts doubt on his rival s growth prospects, saying that EasyJet will only remain profitable by being big at those airports .O Leary is likewise skeptical regarding EasyJet s chances of retaining both its UK and European operations within o
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