"I think the market needs a clean-up,” Aer Lingus CEO Christoph Mueller noted at the World Low Cost Airlines Congress (WLCAC) in London. “Air travel is becoming 2.5% cheaper every year and we expect to see a bloodbath in Europe. According to Mueller, loss-making airlines keep pushing capacity into the European short-haul market, destroying shareholder value. Tensions will come to a head at some point over the next five years, when shareholders refuse to “tolerate it ...

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