Demoose From Canada, joined Mar 2001, 1952 posts, RR: 22 Posted (12 years 1 month 1 week 3 days 19 hours ago) and read 2832 times:
Just wondered if anyone knew which charter airliners, mainly UK ones are making money at the moment. We've seen how much the scheduled carriers have been affected over the past year or so, yet the charter airlines seem to be hanging on in there, with little news of them losing money at all.
The exception of course is MyTravel, however the airline part of their business could still technically be making money I guess? The likes of Thomas Cook/JMC, Monarch, Britannia and Air 2000 all seem to be weathering the storm very well. Is this due to them slowing down expansion, cutting excess capacity and putting a few aircraft in storage (although many are currently taking delivery of new aircraft for the upcoming summer season) Alternatively is it due to the way in which charter airlines get their passengers on their aircraft - through package tours. I know all is not great in the charter airline business but they certainly seem to be in a better position than many of the flag carriers.