At a customer meeting a few weeks ago I was asked what airlines were on my watch list this year. Apart from saying “everybody but nobody” I couldn’t think of a single name. As the industry enters another year of losses, how is it that we haven’t had more bankruptcies?
Results tagged “Oil Prices”
Last year was clearly one of the worst the industry has ever experienced. For many airlines it was a tough operating environment to be in. For some it was too tough. Airlines cease trading on a regular basis. However because of the higher number of casualties and because of the bigger name airlines amongst them, 2008 was a real shock to the system.
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