EasyJet has rejected predictions from Ryanair that the airline market is heading for a serious downturn, The Guardian reports Tuesday. EasyJet’s Chief Executive Andy Harrison told the paper that economic indicators across Europe pointed to continued growth for low-cost carriers despite a recent softening in demand for air travel.

Both airlines have experienced a fall in passenger load factors - a measure of how full the planes are - since April, which they have attributed to a combination of interest rate rises and a doubling of the U.K.‘s air passenger duty tax.
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