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Europe’s top airlines could join forces to fight budget carriers —

Europe’s major airlines may need to consider merging their low-cost arms in order to fend off the challenge of discount specialists led by Ryanair Holdings Plc, International Air Transport Association Chief Executive Officer Alexandre de Juniac said. Fleets of barely more than 100 aircraft at any of the no-frills offshoots of Europe’s three big network airlines fall far short of the 400 planes operated by Ryanair and the 250 at EasyJet Plc, according to De Juniac, who previously led Air France-KLM Group. Bloomberg

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