Lufthansa shares have been soaring in recent weeks."With Brexit at hand, Frankfurt is bound to profit most among the big European aviation hubs," Ulrik Svensson rejoiced.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.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.() As Air Berlin faces being broken up, a number of other airlines are jostling to buy up the leftovers of what was once Germany's second largest carrier.
The most likely scenario is that Lufthansa, alongside easy Jet and possibly Condor, will secure the bulk of the assets which would also mean that Air Berlin as a trademark would disappear.
There, the number of big carriers has gone down from nine to four within a few years.
"If you look at what's happened in the US, you'll have to conclude that it helped the sector a lot," Svensson added.
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.