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Airlines In Trouble  
User currently offlinePANYNJ From Bahamas, joined Sep 2001, 213 posts, RR: 0
Posted (12 years 9 months 4 weeks 1 day 18 hours ago) and read 1405 times:

So Which airlines are in financial crisis and what can you guys add to this discussion?

Aerolineas Argentinas The Argentinian flag carrier has yet to conclude a much-needed rescuse plan after years of excessive spending.

Air New Zealand This New Zealand flag carrier is reeling after the Ansett Australia failure and declining passenger traffic.

America West Airlines This trihub airline has announced it is close to announcing Chapter 11 bankrptucy protection in the wake of the September 11 terrorist attacks in Virginia and New York.

Ansett Australia Ansett after being grounded for two weeks will restart limited service between Sydey and Melbourne with A320s.

EL AL The Israeli state-owned airline has been reeling for over a year now as its country has been battling the one year old Intifada.

Gill Airways This small Northern English carrier has stopped flying and will be liquidated soon.

Midway Airlines This North Carolina based low-cost, business airline has also declared chapter 7, and will liquidate shortly. A second failure for the once famed American airline.

National Airlines This Las Vegas airline is still operating in Chapter 11 bankruptcy protection with declining passenger traffic and strong competition at its LAS hub with WN and HP.

Sabena The Belgian flag carrier is also reeling in financial disaster and could close down shortly.

Swissair This carrier's market share has dropped by 80% this year as its strategy to own second and third tier European airlines failed dysmally.

US Airways Still with aproximately a billion dollars in cash, U is in reasonably stable shape, but closure at its DCA base and its failure to merge with UA are hurting the airline's long term prospects.

3 replies: All unread, jump to last
 
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13738 posts, RR: 19
Reply 1, posted (12 years 9 months 4 weeks 1 day 17 hours ago) and read 1352 times:

Hmmmmmm. Eva Air and China Airlines heavily depend on the US Market?? And CHina Southern!


Anyone can fly, only the best Soar.
User currently offlineApuneger From Belgium, joined Sep 2000, 3032 posts, RR: 12
Reply 2, posted (12 years 9 months 4 weeks 1 day 15 hours ago) and read 1328 times:

Maybe you should ask which airlines AREN'T in financial trouble?

Ivan



Ivan Coninx - Brussels Aviation Photography
User currently offlinePANYNJ From Bahamas, joined Sep 2001, 213 posts, RR: 0
Reply 3, posted (12 years 9 months 3 weeks 5 days 12 hours ago) and read 1297 times:

Well I posted that Swissair was in trouble last week and now tday Swissair declared the Swiss version of Chapter 11 bankruptcy.

Any other developments going to occur with the above airlines or any surprises?


Your Airpots. Reimagined.


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