Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 55
Reply 6, posted (11 years 6 months 3 weeks 3 days 7 hours ago) and read 6837 times:
Rising fuel costs caused financial headaches for many airlines (especially those in the US) and even airlines like NW and CO, which had hoped to show a profit ended up losing money. CO had a small operating profit, but charges associated with the retirement of the MD80 fleet resulted in a loss for the quarter. AA did squeak out a small profit, but even low-fare darlings such as Southwest and JetBlue did not do as well as expected.
In the US, Delta is probably losing the most money at the moment and unless some things change, and very quickly, DL may be headed to the bankruptcy court. And while the situation as UA and US seem to be improving, both airlines still have huge financial issues to work out. Over in Europe, Alitalia is in the most trouble at the moment, with the Italian government providing emergency financing to the airline to avoid a financial disaster - the EU allowed the financing to go through, eventhough they are against government support of air carriers.
Md11dude From Canada, joined May 2004, 136 posts, RR: 0
Reply 11, posted (11 years 6 months 3 weeks 2 days 15 hours ago) and read 6402 times:
Well, Not by comparing The size of the airlines, but by how screwed the airline actually is....You people are only talking about the U.S. airlines. I belive Air Canada is in quite the deep S..T unfortunatly, and along Other majors like LX etc.....
p.s. Hope Delta will pull through. They kick serious butt!
Na From Germany, joined Dec 1999, 11494 posts, RR: 9
Reply 12, posted (11 years 6 months 3 weeks 2 days 14 hours ago) and read 6368 times:
If the government wouldn´t help, Alitalia and Olympic would be liquidated already.
Otherwise Delta´s loss published last week is a sad record. Something has to happen soon. How long can this huge airline survice at this pace?