European airline mergers are en route, risking the creation of a U.S.-style oligopoly with cruel ticket prices [Globe and Mail, The (Toronto, Canada)]
Southwest Airlines Company (LUV)
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Source: Globe and Mail, The
For North American tourists, the lure of a European holiday was not just the history, the cuisine, the street life. It was also the cheap travel between countries, especially airfares. On some of the budget airlines, you could book tickets from, say, London to Venice, for the price of a pizza. How could that be? Deregulation that came with a lot of competition did the trick. Europe had 20 or so airlines and some of them competed on the same routes. Then came the no-frills discount carriers, notably Ryanair and easyJet, and fares and destination options improved again. Passenger numbers soared. If you could put up with tight seats and avoid the obscene junk fees, such as baggage charges, even getting dinged for printing a ticket, you could take your family on holiday without remortgaging your house. All this is about to change – is changing – for the worse. In Europe, airline consolidation is under way and that translates into less competition and rising market share for the big
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LUV
Earnings
- 7/25/24 - Beat
LUV
Sec Filings
- 9/26/24 - Form DEFA14A
- 9/26/24 - Form DFAN14A
- 9/26/24 - Form DEFA14A
- LUV's page on the SEC website