BA/Iberia merger is boldest maneuver as European carriers eye course changes
British Airways wants to merge with Iberia, Austrian is looking for a strategic partner, and Ryanair is ready to pounce and take advantage of any anticipated airline bankruptcies. Itâ€™s the reshuffling of deck chairs that the serious airline revenue and cost crisis has triggered in Europe. The financial incentive is clear. Ryanair has seen a 85% decline in profit, Austrian estimates a full-year loss of â‚¬70-90 million ($109-140 million), and British Airways was expected to announce a sharp ...
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