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Ryanair welcomes BA/Iberia merger, says deal good for its growth

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Ryanair Holdings PLC (LSE: RYA) has welcomed the proposed merger of British Airways (LSE: BAY) and Spain's Iberia (IBEX: IBLA) as it believes that the deal draw more clients towards the Irish no-frills airline.

Never a market player to hold back on its views, the airline issued a statement in reaction to the merger news, saying:  "Since consolidation of Europe's high fares airlines has never led to lower fares, this merger will be great for Ryanair's growth and we look forward to welcoming many more millions of BA's and Iberia's passengers as they switch to Ryanair's low fares flights."

This merger is the latest in a long line of European high fares airlines merging because they cannot compete with Ryanair's lowest fares and no fuel surcharge flights.

In recent years Lufthansa has taken control of Swiss, Austrian, SN Brussels and BMI while Air France has bought KLM and Alitalia.  Ryanair believes that all of these mergers will lead to higher fares and even more fuel surcharges from these flag carriers.

“The merger of BA and Iberia is like two drunks trying to prop each other up; both have reported large losses, both are facing a winter of industrial action and both charge high fares and fuel surcharges as their passengers switch to Ryanair's low fare services in the UK and Spain,” Ryanair added.

Quick facts: Ryanair Holdings plc

Price: 9.452 EUR

LSE:RYA
Market: LSE
Market Cap: €10.3 billion
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