EasyJet chief: 'There will be more airline failures'

The CE of EasyJet has predicted further consolidation and failures in the aviation sector. Following the collapse of Primera earlier this month, Johan Lundgren said Wednesday that he foresaw further airline failures. He also predicted more consolidation in the market: “I do think there is more consolidation to come and particularly now the fuel price being up will put some of the weaker players in a more difficult situation. Meanwhile, Lundgren was quick to hit back at claims by Ryanair boss Michael O’Leary in the media that some of the strikes affecting his company were “promoted and coordinated by rival airline employees”. <br/>