Michael O'Leary, chief executive of Ryanair, said that the merger between British Airways and Iberia will allow the carriers to raise rates on their competing routes. "I would characterize it as two drunks holding each other up on the way home," O'Leary said. "All you get when you put two high-fare, loss-making airlines together is even higher fares and even bigger losses." He said the deal will likely benefit Ryanair.
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