Ryanair CEO: Carrier will win the price war, more airlines to go bust

    Ryanair CEO Michael O’Leary warned further airlines will likely declare bankruptcy over winter 2018/2019, stating: “I think we’re entering into what I describe this morning as a grim winter… It’s related to excess capacity and certainly our willingness to continue to lower air fares into this winter… If there’s going to be a fare war, we want to lead this and win it” (Irish Times/Reuters, 23-Oct-2018)Commenting on a global pilot shortage over the past 12 months, Mr O’Leary added: “I think that shortage is ironing itself out, particularly as more and more airlines suffer casualties”.