RE: Re: IAG13 Sep 2021 21:20
So a bit of potential positive news if iag can afford it. Note the last 2 paragraphs.
EasyJet, Wizz Air merger a good idea says rival
Ryanair’s boss Michael O’Leary, meanwhile, has suggested that easyJet and Wizz Air merging is a good idea.
A combination between Wizz and easyJet would make sense given they both run all-Airbus fleets and work in largely separate geographies, he told the FT.
If they don’t, he sees a possible situation where both are bought by bigger rivals such as IAG, which owns British Airways and Iberia.
O’Leary also warned that airfares will be “dramatically higher” next summer once demand returns to normal.
There will be huge demand for holidays, he says with fewer flights causing a surge in prices for holidaymakers.
“I think there will be a dramatic recovery in holiday tourism within Europe next year. And the reason why I think prices will be dramatically higher is that there’s less capacity,” O’Leary said.
“Take out Thomas Cook (6 mln seats), Flybe – (8 mln seats), Norwegian (nearly 24mln seats) — Alitalia’s reducing its fleet by 40%t. There is going to be about 20% less short-haul capacity in Europe in 2022 with a dramatic recovery in demand,” he told reporters.