Economic Darwinism: Fuel Price Hikes & Budget Airlines
I wondered how the consistent rise in fuel prices would affect easyJet, RyanAir, and other budget airlines... turns out that easyJet is offloading its lower-efficiency aircraft, but one wonders who would buy Perhaps bartering it on craigslist?
Easyjet is planning to rein back its breakneck growth in light of the soaring oil price but still intends to add 43 aircraft to its fleet over the next two years as it cranks up the pressure on weaker rivals.
Andy Harrison, the low-fare airline’s chief executive, said that with oil topping $120 a barrel, the carrier would accelerate the disposal of its older, less fuel-efficient aircraft. It now plans to dispose of 30 Boeing 737s “at the earliest opportunity” and has put up for sale eight Airbus A321s, that came with £104m purchase of GB Airways.