Ryanair Group’s Austrian subsidiary Lauda faces an “existential crisis” with its main base in Vienna expected to close before the end of the month, group CEO Michael O’Leary has warned.
Lufthansa is to permanently decommission more than 40 aircraft including six Airbus A380s, reduce Eurowings’ long-haul business and scrap its Germanwings brand.
This week: Hawaiian and JAL expand planned JV; Austrian Airlines adds Boston; Allegiant to open 20th base; and JetBlue to introduce basic economy fare.
Vienna Airport is on course for another record year of passenger traffic, although joint chief executive and chief operating officer Julian Jäger expects the growth to level out as a result of further consolidation in the European market.
Europe’s strong airlines will get stronger and the weak will get weaker as consolidation in the region continues and small carriers see pressure on yields intensifying.
The region’s largest route development forum will provide attendees with unmatched insight into the critical drivers shaping the future position of several leading airlines.