More airlines to go under, says O'Leary
26 January 2009 07:53
At least one British airline company could go out of business in the next few weeks, the head of Ryanair has claimed.
Michael O'Leary, the Irish air carrier's chief executive, made the statement to the Telegraph newspaper on the back of Ryanair announcing passenger numbers were up by 20 per cent, while British Airways' figures had fallen by six per cent.
He also stated that Ryanair would keep raising luggage prices until 75 per cent of its passengers only brought hand baggage on board.
Mr O'Leary told the Telegraph: "It's all about efficiency. Passengers won't have to go near a check-in desk or pay for over-priced facilities at our rip-off airports."
He also claimed that another two major European air carriers could go insolvent before the end of 2008.
More than 30 travel companies have already gone under this year, highlighting the need for fully comprehensive travel insurance, which can protect passengers from company insolvency.