easyJet FD dismisses survival fears
In response to claims from Michael O'Leary, the chief executive of Ryanair, that there is room for just one UK low-cost airline, easyJet FD Chris Walton says he expects both businesses to survive.
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.’