Responding to O’Leary’s claims that there would be air fare wars for the foreseeable future, Walton argued that both low-fare airlines could survive profitably.
‘I think we will end up as two because we have a different strategy. We are both flying to major cities,’ he was reported by the Daily Telegraph as saying. Earlier O’Leary claimed: ‘The future is not about the competition between Ryanair and easyJet because with the greatest respect that competition is over. Eventually you will lose to Ryanair because we have a lower cost base.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements