Which Airlines Are Deemed To Be Most At Risk Of Going Bust?

withabix

Nobody seems to have mentioned Globespan.


Globespan are not running long haul winter routes this year. Watch this space...

Tojo_Ralph

withabix wrote: »

Nobody seems to have mentioned Globespan. Globespan are not running long haul winter routes this year. Watch this space...

From what little I know of Globespan, they appear in good shape and are actually increasing both international flights from our local airport to new destinations. On the long haul front, it was Globespan who pulled out of a transatlantic codeshare deal with Zoom last year due to its lack of profitability.

alanrowell

Tozer wrote: »

I can understand. Air Berlin, maybe even Flybe but not national carriers.

FlyBe should be as safe as Ryanair & Easyjet - a lot of their routes would be awkward to do by any other means (over the sea, cross country) and carry a reasonable amount of business traffic.

donny_osmonds_mad_fan

on that paddy power site they couldnt even flipping spell qantas..

united has already been bankrupt and was financed by the usa goverment for years as i am sure it would be if it was in that situation again.

colmil

My daughter decided to marry in Spain next month and the only people we could go with were Globespan, they have an awful reputation in the North East for being late, lets just home its better late than never!

codger

Re withabix's post. Globespan's reputation was -- and for all I know, may still be -- one of the worst anywhere for everything from CAA safety warnings to customer complaints. And the insights into its operations gleaned from informed forums like pprune have made for uncomfortable reading.

But, and it's a big 'but', that's a different matter to falling for the self-serving patter of Willy Walsh, CEO of British Airways, desperate to (a) get business from customers terrified into thinking BA is now the only option and (b) to put yet more distance between himself, his airline, and the Terminal 5 shambles.

Walsh's public speculation that "30 airlines worldwide will go bust before Christmas" finished up being reported on BBC TV earlier today as "30 British airlines will go bust before Christmas". Thus does injury get added to insult.

As for the Irish bookmaker, Paddy Power, taking bets on which airline will fail first, hopefully the bookmaker's business will crash as a result of a writ from any airline whose commercial reputation is being so recklessly damaged.

What needs to be remembered is that there'll be many industry executives today with a mournful expression in public and a huge smile in private; XL's departure from the scene has just axed one supplier, leaving more of the market open to other suppliers.

And the full story of just what went on behind the scenes at XL Group has yet to appear.

Until it does, taking what one airline / travel company says is the reason for failure to be the whole truth of the matter is like taking what everything poor ol' Adam Applegarth (and his board) said last year was the whole truth about Northern Rock.

We shouldn't be falling for Mr Walsh's none too subtle ploy.

Many thousands of people in the UK have already paid for their flights with airlines other than XL and are due to holiday in the next three or four months.

Morbid speculation doesn't help them at all, and actually serves only to increase their anxieties at this time.

saveapenny

@16/1 Olympic would be were my money went they have been in trouble for awhile now

jetboy

Top 3 on that website look likely and in that order. Anything that's listed above 16-1 is extremely unlikely.
There several a few good candidates that aren't even listed there. Rather than be completely controversial It would be better to list those that won't go bust anytime soon .
I'll start with: BA, Virgin, Easyjet, Ryanair, ThomasCook, TUI, Flybe, Lufthansa, Air France, KLM, Southwest, Cathay, Singapore.

Loopy_Lobes

Anyone have a view on BMI?

salduck

Can i just point out that SCHEDULED airline failure in your travel insurance only covers you for SCHEDULED airline failure!! xl were not a scheduled airline but a charter airline!!
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