29-Oct-2009 12:58 PM

Germanwings predicts eventual demise of Ryanair model; but believes downturn will benefit LCCs

Germanwings CEO, Thomas Winkelmann, has predicted the eventual demise of the Ryanair model, due to its inability to attract the corporate market (travelmole, 28-Oct-2009). He also criticised Ryanair’s aggressive approach to airport negotiations. Mr Winkelmann stated the economic downturn has provided the right growing conditions for most LCCs, adding that Germanwings is in a good position, making in-roads into the UK market and not being financially pressured by over-ordering aircraft.  

Germanwings: “I think the Ryanair model is coming to an end. The more Ryanair flies to a destination, the more losses taken by the airport and the local tax payers won't stand for that,” Thomas Winkelmann, CEO. Source: travelmole, 28-Oct-2009.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More