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Europe's Airlines To Make A Loss Of Over $1.1bn  
User currently offlinereadytotaxi From United Kingdom, joined Dec 2006, 4283 posts, RR: 2
Posted (3 years 11 months 2 weeks 6 days 1 hour ago) and read 3464 times:

Some unwelcome news from this part of the world, but not expected.


"That is double the scale of losses it forecast back in March."(IATA)

Do not see an up turn in the Euro zone traffic for the next six months.

you don't get a second chance to make a first impression!
3 replies: All unread, jump to last
User currently offlinesweair From Sweden, joined Nov 2011, 1836 posts, RR: 0
Reply 1, posted (3 years 11 months 2 weeks 6 days 1 hour ago) and read 3410 times:

Well looking at some of the national budgets missing the budget by 7-10% this is nothing  

User currently offlineUALWN From Andorra, joined Jun 2009, 3431 posts, RR: 3
Reply 2, posted (3 years 11 months 2 weeks 6 days ago) and read 3334 times:

Quoting sweair (Reply 1):
Well looking at some of the national budgets missing the budget by 7-10% this is nothing  

$1.1bn for all European airlines wouldn't actually be too bad. Just for comparison, I randomly found that in Q4 2008 (in the onset of the global financial crisis), the combined US airlines lost about $1.5bn (in one quarter). And here they are, basically all of them, although merged...

User currently offlineJana From Antigua and Barbuda, joined Sep 2009, 110 posts, RR: 0
Reply 3, posted (3 years 11 months 2 weeks 5 days 11 hours ago) and read 2953 times:

Quoting readytotaxi (Thread starter):
but not expected

You mean 'not unexpected'...

Rising fuel costs, rising food prices, no salary increasements, totally failing banks and governments, tax increasements, bad market. Only a few will travel by air at a high fares and to be served with lobster, pampered in velvet long chairs, nipping champaign from crystal vases. Legacy carriers are out, LCCs will have the future. Why should we fly that much since we have internet, skype etc. instead?

[Edited 2012-06-13 00:47:43]

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