Easyjet is probably running out of air in this crisis. 

The low-coster reported the first loss in the company's history. And it has it all: it will be 815 to 845 million pounds (930 million euros) before taxes. Most recently, a government injection of funds and the sale of aircraft brought money back into the coffers. But apparently that is still not enough. Because Easyjet boss Johan Lundgren recently emphasized expressly that the government "urgently needs to bring a tailor-made package of measures". Otherwise there is a risk of total failure.

On the other hand, it looks as if competitor Ryanair will survive this crisis much more easily. You can feel the effects of the pandemic even on Europe's largest airline. However, the company proves to be extremely crisis-resistant, CEO Michael O'Leary recently showed off again and again with Ryanairs' jam-packed cash register of the equivalent of 3,9 billion euros. And that, despite the decline in passenger numbers and cuts in the flight schedule. 

According to O'Leary, the difficult situation in the industry in the pandemic is likely to separate the wheat from the chaff. "Weak, small airlines will not be able to survive this crisis," he said in the summer, how boerse.ard.de reported. Ryanair marketing director Dara Brady also believes that “Covid-19 will accelerate this consolidation process”. In his opinion, the corona crisis could then ensure that established airlines such as Easyjet become takeover candidates. And in dire straits, cling to the last straw - in this case the competition.