newstodate.aero
Nov 20, 2015 (newstodate): Europe's aviation industry needs consolidation to create stronger players with volumes large enough to sustain in a competitive environment.
This, at least, was among the main points in a speech delivered by Lufthansa CEO Carsten Spohr at the recent GBTA Europe conference in Frankfurt.
-Consolidation is particularly essential in Europe. It is obvious by the numbers. While the top five airlines in the US enjoy 92 percent of market share, in Europe the top five AirFrance-KLM, IAG, Lufthansa Group, Easyjet and Ryanair have just 45 percent share.
-Be it lobbying the EU or synergies, we are just too small, all of us, said Mr Spohr as reported by BBT.
At the same time, MR Spohr lamented that the number of low-cost airlines in Europe is just too big.
This, at least, was among the main points in a speech delivered by Lufthansa CEO Carsten Spohr at the recent GBTA Europe conference in Frankfurt.
-Consolidation is particularly essential in Europe. It is obvious by the numbers. While the top five airlines in the US enjoy 92 percent of market share, in Europe the top five AirFrance-KLM, IAG, Lufthansa Group, Easyjet and Ryanair have just 45 percent share.
-Be it lobbying the EU or synergies, we are just too small, all of us, said Mr Spohr as reported by BBT.
At the same time, MR Spohr lamented that the number of low-cost airlines in Europe is just too big.