This was stated by Michael O'Leary, CEO of rival low-cost airline Ryanair, on Tuesday, according to Bloomberg News. The statement was made in response to a question about the prospects of more European airlines going bankrupt.

The often controversial Michael O'Leary also attacked the project to build a third runway at London's Heathrow airport at the Airlines for Europe (A4E) conference in Brussels - especially the high costs of the venture. According to the Ryanair CEO, it takes "talent and ingenuity" to successfully spend as much as £14 billion on the expansion.

Source: news agency direkt-di.se