Ryanair's O'Leary predicts demise of SAS and LOT
Ryanair chief executive Michael O’Leary predicted that incumbent carriers in Scandinavia and Poland won’t survive in their current form amid competition from low-cost rivals.
Ryanair chief executive Michael O’Leary predicted that the incumbent carriers in Scandinavia and Poland won’t survive in their current form amid competition from domestic and foreign low-cost rivals.
SAS Group, which owns Scandinavian Airlines, can’t continue to rely on funding from Sweden, Denmark and Norway and is most likely to end up as a unit of Deutsche Lufthansa, while Poland’s LOT has little room to pare operations that are already much...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine