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Another day..another airline...
Exocet
Posts: 744 Forumite
http://www.bbc.co.uk/news/business-11117544
There are individual 'reasons' for this one - bird flu being a favourite - but it does seem that airlines and travel agents are having a particularly bad time. Is this a sign of a world recovering? Maybe airlines with routes to cloud cuckoo land are still doing ok.
There are individual 'reasons' for this one - bird flu being a favourite - but it does seem that airlines and travel agents are having a particularly bad time. Is this a sign of a world recovering? Maybe airlines with routes to cloud cuckoo land are still doing ok.
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Comments
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It filed for bankruptcy protection after failing to reach a deal with trade unions on cost-cutting.
Plans to sack about 1,000 flight attendants to enable a takeover by a Mexican investment group were blocked by the government earlier this week.
Different country, same old story.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
For balance there's this...
http://www.bbc.co.uk/news/business-11115752
.. success at Iberia.
All those expats flying home maybe.0 -
Hmm - good result in international - wasn't Madrid one of the few European airports open for a lot of the dust cloud period with anyone trying to get back to Europe booking tickets there if they could be had at almost any price - nice for the bottom line methinks!For balance there's this...
http://www.bbc.co.uk/news/business-11115752
.. success at Iberia.
All those expats flying home maybe.I think....0 -
Most airlines are incredibly highly geared. They don't own those aircraft; they lease them on long-term contracts. They are not that far away from bankruptcy even when they are doing well.No reliance should be placed on the above! Absolutely none, do you hear?0
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Most airlines are incredibly highly geared. They don't own those aircraft; they lease them on long-term contracts. They are not that far away from bankruptcy even when they are doing well.
Not so much highly geared. Its the fixed costs they still incur. Payroll costs, plane costs, fuel and airport costs.
A flight isn't cancelled because there only 100 passengers on a 300 passenger seat plane.
Airlines are exposed far more than many businessess to the laws of supply and demand. Higher fares may be the longer term outcome.0 -
Barriers to entry are low as well where open skies agreements are in place - no wonder there is a tendency towards collusionI think....0
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