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.
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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.’