European air passengers could be faced with a much smaller selection of low-cost airlines to choose from when they go on their holidays, analysts warn.
Europe currently boasts around 50 no-frills airlines but that number is expected to shrink dramatically over the next few years, with analysts warning that the market is far too crowded.
Going on developments in the US market, where many low-cost airlines have flopped, Mr Stewart believes the market could thin down to just three or four key players.
The European low-cost airline sector continues to welcome in new players each month, drawn by low interest rates and a high availability of second-hand planes.
Big names such as Ryanair, easyJet and Air Berlin, and the low-cost wings of traditional airlines – such as the UK’s bmibaby – are expected to stay the course.
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