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
Rationalization in Europe
As the industry continues to suffer worldwide, it seems the challenges facing European airlines continue to increase. There is overcapacity and yields are down (partly because of that overcapacity). Currency issues, uncertainty over the European economies, weakness in China and throughout Europe as well as currency devaluations are creating a difficult situation. Fuel prices hide many sins Low fuel prices are a godsend for many European airlines. They help offset currency los
