Ryanair CEO Michael O’Leary told Italy’s Corriere della Sera that Europe could soon face a new wave of airline bankruptcies, while the continent’s largest low-cost carrier continues to expand its network at their expense. At the same time, he sharply criticized Wizz Air, which he believes is heading toward financial collapse, and predicted that EasyJet will eventually be divided between Air France-KLM and British Airways.
“There are too many so-called low-cost airlines in Europe that actually operate with high costs. We’ve already seen Play and Braathens go bankrupt, and there will be more before Christmas. Wizz Air is in serious trouble,” O’Leary said in Rome, where Ryanair decided to withdraw one aircraft from Fiumicino…