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. It’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 €70-90 million ($109-140 million), and British Airways was expected to announce a sharp ...


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