London — EasyJet said its fares are set to rise this winter, buoyed by the collapse of carriers including UK-based Monarch Airlines and capacity cuts at main European rival Ryanair. The demise of Monarch and Germany’s Air Berlin, a bankruptcy filing at Italy’s Alitalia and Ryanair’s move to scrap part of its timetable because of a staffing crisis were "all very good news for EasyJet", CEO Carolyn McCall said on Tuesday. EasyJet shares rose the most in three years after the Luton, England-based carrier said revenue per seat — a measure of prices — should increase in the six months to end-March after a drop last year, excluding the impact of taking over some Air Berlin routes. McCall, who stands down as CEO before the end of the year, said the shakeout of Europe’s airlines has benefited EasyJet structurally and given Europe’s second-biggest discount airline strong momentum going into fiscal 2018. The retreat of rivals comes as a boost after the weaker pound weighed on last year’s earn...
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