Michael O’Leary will be pleased to hear that ratings agency Fitch has warned the recent bailout package for Lufthansa risks altering the playing field for European aviation and ignores the needs for structural change in the market. “The Lufthansa bailout package approved by the European Commission will boost the airline’s liquidity and ensure it avoids insolvency but, similar to other recent state-aid actions, risks altering the playing field in the European aviation industry, Fitch Ratings says. These rescue actions do not address the need for structural changes in the sector,” Fitch said in a statement. Fitch noted that the Lufthansa
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