Flight of the Living Dead: Zombie airlines are haunting Europe’s excessively fragmented airline sector

Forget the strike-prone labor unions, the government austerity, the economic doldrums, the high taxation, the overregulation, the expensive airports, the opposition to airport expansion, the wasteful Eurocontrol regime, the heavy seasonal swings, the night curfews, the capacity growth and the Gulf carrier incursions. Yes, all of these hurt. But ask European airline executives what they find most frustrating, and they’re likely to utter the “F” word: fragmentation.