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CAPA TV | September 27, 2020

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Europe Market Outlook: Slow And Steady Wins The Race? The Ongoing And Gradual Restructure Of The European Airline Market

  • On December 10, 2018
Although Europe has experienced some notable waves of merger and acquisition activity in the last 14 years – such as the Air France/KLM and BA/Iberia mergers and various Lufthansa Group acquisitions – the region remains one of the most highly fragmented airline markets globally. There are more airline groups operating in Europe than in any other region in the world and their profitability is lower compared with, for example, the tightly controlled North American market. Any consolidation to date hasn’t led to any meaningful change in the structure of the European airline market, nor has the disappearance of several airlines led to greater market concentration. Clearly, consolidation has been slow and steady, but the region’s top groups wield the power and capital to significantly speed up the process. Is this on the horizon or will consolidation activity continue to amble along at its current pace?
  • Are there too many airlines in Europe for the size of the market?
  • Is consolidation the key to greater profitability?
  • What are the cultural, political and regulatory barriers that that inhibit more consolidation in Europe?
  • Will airline failures or M & A activity drive greater market consolidation?
  • Can Europe’s largest airline groups ever match the market concentration levels of their North American peers?
  • How have JVs and alliances overcome ownership and control inhibitions?
  • What is the outlook for consolidation in the LCC sector?

ModeratorCAPA – Centre for Aviation, Executive Chairman, Peter Harbison


  • Alitalia, VP Alliances & International Affairs, Jiri Marek
  • easyJet, Regional Director, Javier Gandara
  • Eurowings, Chief Commercial Officer, Oliver Wagner
  • LOT Polish Airlines, CEO, Rafał Milczarski

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