Ryanair CEO predicts SAS or Norwegian will go bankrupt over winter 2018/19

    Ryanair CEO Michael O’Leary predicted either SAS or Norwegian will go bankrupt over winter 2018/19 due to rising fuel costs, overcapacity in Europe and downward pressure on airfares (expressen.se/di.se/Bloomberg/CNBC TV, 22-Oct-2018). Mr O’Leary stated: “We’re seeing a winter fall of price drops. You’ll see bankruptcies this winter when we get into what’s going to be a four-five year long downturn for industry”. Norwegian communications manager Charlotte Holmbergh Jacobsson responded, stating: “The company is not close to bankruptcy” (expressen.se, 22-Oct-2018).