EasyJet Exec Predicts Cull Of Budget Airlines

Oil prices well above USD$100 a barrel will drive most of Europe’s low-cost airlines out of business, the head of easyJet’s French subsidiary said on Wednesday.

The stark warning of a cull of low-cost airlines came as the British budget airline’s shares fell more than 4 percent after another increase in oil prices towards USD$120 a barrel.


“There are currently about 50 low-cost carriers on the European market — that’s absurd,” Francois Bacchetta, managing director of easyJet France, told a news conference.

Airwise