Just an hour later, we learned about Air Berlin having filed for bankruptcy protection in a move that's bound to lead to more consolidation in the market.Only on September 25 will we know for certain whether Germany's second-largest airline will be sold as a complete entity which is rather unlikely.It was on August 15, 2017 when near a gate at Zurich-Kloten airport an important figure from Lufthansa, notably the CEO of subsidiary Swiss, Thomas Klühr, focused his thoughts on the European aviation market."Overcapacities in Europe are just too big; consolidation has to go on," he demanded.Ryanair CEO Michael O'Leary has warned that there's a real risk that some airlines may no longer be able to operate routes starting or ending in the UK.Germany's Lufthansa could emerge as the big winner in the wake of Air Berlin's insolvency and Britain's exit from the European Union.
The European market is very fragmented, and so is the airline market in general." The US serves as an example for current consolidation efforts.Among them are SAS, TAP Air Portugal, LOT, Tarom, Air Malta, Finnair, Czech Airlines and Luxair.All of those are potential candidates for takeovers and mergers.It's difficult to predict whether Alitalia as a brand will vanish into thin air.The carrier has been extremely resilient so far despite decades of losses, disappointments, sales and new beginnings. And even unprofitable companies are doing OK because of low fuel prices and a strong euro.