Europe's flagship airlines find low-cost carriers problematic

11/3/2009 | Wall Street Journal, The

Low-cost carriers have long been a nuisance to flagship airlines in Europe. The economic downturn turned those small nuisances into a major problem for their larger rivals. For example, the Irish airline Ryanair transported more passengers in Spain in August than the country's flagship carrier Iberia. Deteriorating demand for trans-Atlantic flights and business-class seats exposed weaknesses, but some of the major airlines are starting to wise up.

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