Ryanair expands and picks up flyers left behind by Europe’s struggling budget carriers
Passengers disembarking from a Ryanair jet at Ireland West Knock Airport. David Precious / Flickr.com
It’s looking like Ryanair’s outspoken boss might have the last laugh as similar budget carriers succumb to economic troubles in Europe, fueling Ryanair’s success as it picks up the open the slots.
Excerpt from Wall Street Journal
The inexorable grinding down of Europe’s small airline companies continues, and with a similar air of inevitability, it is Ireland’s Ryanair that looks like one of the main beneficiaries along with its major budget rivals.
Grabbing market share from Europe’s shrinking flag carriers as well as the small airlines that have gone bankrupt in the past year helps explain the continued strong growth in traffic at Ryanair and other budget carriers like easyJet and Norwegian Air Shuttle despite the worsening economic outlook across Europe.