The sun is shining, but the dominos are falling as airlines begin to collapse
As we hit mid-November, a crisp wintery air is sweeping across Europe, bringing with it a feeling of freshness and clearing the hustle and bustle of summer. But as the fresh, clean and crisp air of winter rolls into Europe, another reality also sets in - not every airline will make it through a cold winter. We say farewell to Estonian Air and Intersky this month and we expect another handful wont make it to next summer. Airlines finally begin to enjoy the benefits of lower fu
Cloudy skies over Europe
Airlines are enjoying unprecedented profits Airlines around the world are enjoying a profitable summer and the prospects for 2015 and 2016 look highly positive. This is due to airlines in North America having restructured costs multiple times over the past decade, while European airlines have only recently been improving costs (though some remain far behind). European and Asian airlines benefit from the rational nehaviour of their American and Canadian counterparts being rati
