There is scope for more consolidation in Europe's airline sector, the chief executive of Germany's Lufthansa said on Monday, having just bought a 41% stake in Italy's state-owned ITA Airways.Lufthansa paid 325 million euros ($332 million) for the ITA deal and last week agreed to buy a 10% stake in Latvian airline airBaltic.

With the completion of Lufthansa Group’s investment in ITA Airways, passengers will soon feel the benefits of the integration, such as the use of frequent flyer

Lufthansa Group remains a minority shareholder in Italy’s national carrier, but it’s already leveraging the benefits of its 41% stake.

There is scope for further consolidation in the European airline sector, the chief executive of Germany's Lufthansa said on Monday, having just bought a 41% stake in Italy's state-owned ITA. "We have too many airlines in Europe.