December Traffic Grows for Ryanair, Wizz Air

The video discusses the role of low-cost airlines in the European market, highlighting major players like Ryanair, EasyJet, and Wizz Air. It examines Ryanair's growth and challenges, including strikes and market dynamics. The video also explores the impact of oil prices on airline operations and the recent failures of niche airlines due to overcapacity and high costs.

What factors contributed to the failure of several airlines this year?

How do oil prices affect the airline industry according to the text?