Michael O'Leary: Europe will consolidate around four major airlines within a decade

Michael O'Leary believes it is "inevitable" there will be just four major airlines in Europe over the next six years.

Michael O'Leary: Europe will consolidate around four major airlines within a decade

Michael O'Leary believes it is "inevitable" there will be just four major airlines in Europe over the next six years.

Ryanair is the biggest in many European countries, including Ireland and the UK.

Figures show the airline made a profit of more than €1bn after tax in the year up until May.

Speaking to Reuters, Mr O'Leary said that change in the European airline market is coming.

He said: "I think it is inevitable that in the next five or six years Europe consolidates around four large carriers, each with about 20% market share.

"IAG, Lufthansa, Air France, KLM and Ryanair. Everybody else either disappears, merges, gets taken over, partners with one or other of those big four."

More in this section

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up