On Wednesday, Aeroflot abandoned their effort to purchase a significant stake in Alitalia. Also on Wednesday, Ryanair’s bid for Aer Lingus was blocked by the European Commission. Ryanair has already confirmed that they will contest the European Commission’s decision.
Is it time for Ryanair and Aeroflot to reconsider bravado as a strategy? Perhaps, but we doubt the two carriers will take this caution to heart.