...When budget airline chief executive Michael O'Leary is still this deluded:
"Higher oil prices won't end low-fare air travel, it just increases the attraction of Ryanair's guaranteed lowest fares, as consumers become more price sensitive and switch away from high fare/fuel surcharging airlines like BA.
"Higher oil prices will speed up the decline of high-fare shorthaul travel this winter as many European airlines consolidate or go bust.
"The airline industry is cyclical, and this downturn will provide enormous opportunities for strong, well financed airlines, such as Ryanair to grow."
No comments:
Post a Comment