The head of UK low-cost airline Easyjet has warned of an industry “shake-out” with routes likely to be axed and fares set to rise, as oil prices solidify well above $100 a barrel. Speaking as EasyJet launched its longest-ever scheduled route, a five-hour journey from London to the Jordanian capital of Amman, chief executive Carolyn McCall said it was inevitable that airlines, including her own, would examine route networks as profit margins narrow. “You will see us being much more brutal about what routes work and what routes don’t,” she said, citing a recent decision by EasyJet to pull out
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.