OA269 From Greece, joined Nov 1999, 140 posts, RR: 0 Posted (11 years 10 months 2 weeks 3 days 17 hours ago) and read 1190 times:
I always listen that for any route Olympic drops, the excuse is 'not profitable' since it's not full. In this way they've dropped Boston, Chicago, Tokyo and many other international routes. Now they have dropped Australia (I mean they have already taken the decision, it's just a matter of few time).
Is there anyone from Greek Omogenia that knows something about it and can help ? Not rumours or suppositions. Someone that has flown or works in this field and knows for sure. I very much believe that they (gonverment) don't want this company to bankrupt. But they seem they want to make it a regional airline. Is it because they just don't care and they think 'we will see, wait and see something will come as a solution' but the debt is increasing so they need to drop lines ?
At some time everyone having the chance to travel with Olympic he did it immidiately. Such an airline worths being international. But after the 11th Sep incident and especially with so many alliances do you think Olympic can become great, even if someone buys it and is willing to do it ?
Rai From Canada, joined Feb 2008, 0 posts, RR: 0
Reply 1, posted (11 years 10 months 2 weeks 3 days 10 hours ago) and read 1117 times:
Yasou. The Australia route cancellation comes as no surprise, especially since OA lost $25 million a year on it. They were doing so-so on the SYD leg, but the Greek community of Melbourne petitioned OA to keep sending their planes to MEL. As far as the other trans-continental routes go, JFK is OA’s only profitable route -- all the others are money losers. I was reading an article stating that OA is considering dropping all intercontinental routes. They MIGHT keep the JFK route, but nothing is etched in stone. And yes, they would like to be a regional airline to make it profitable.
The EU is really pressuring the Greek government to streamline OA’s cost structure.
It’s sad that OA has cut their route structure the last ten years. They used to serve ORD, BOS, SIN and NRT. BOS and ORD have large Greek communities. If OA suspends all their intercontinental routes, I’d expect to see CO start up service to ATH from EWR. They’ve always been considering such a flight. AC might do the same thing from YYZ or YUL, but most likely on a seasonal basis. We’ll see how it all goes.
TEDSKI From , joined Dec 1969, posts, RR:
Reply 5, posted (11 years 10 months 2 weeks 3 days 2 hours ago) and read 1034 times:
Rai, how did the EU pressure OA into getting the A340-300 when Air France and Alitalia were allowed to order the 777-200ER & 300ER models? OA was better off getting 767-300ERs for their international routes so that they could have started possibly service from JFK to SKG.
Ragousis From United States of America, joined Dec 2000, 30 posts, RR: 0
Reply 7, posted (11 years 10 months 2 weeks 2 days 14 hours ago) and read 971 times:
I don't think that CO can start new service to ATH. Greece is listed by the FAA as a class 2 country that is not in compliance with IOCA regulations. Under class 2 no american airlines may start new service to ATH or any other Greek city. Plans are under way to get this reversed, (by upgrades and such) but I am not sure when it will happen. Anyone know more on this subject?
LatinPlane From United States of America, joined Dec 1999, 2717 posts, RR: 14
Reply 8, posted (11 years 10 months 2 weeks 2 days 12 hours ago) and read 955 times:
Actually, it's the other way around. American airlines are free to start and add frequencies between the U.S. and a category ll country. However, It is the national airlines of the category ll country that cannot add new routes, frequencies, or a new type of aircraft other than the one already in use for its American services. If Greece is a category ll country as stated, Olympic cannot add new services to U.S. destinations unless it circumvents the law by wet-leasing an aircraft from an airline belonging to a category l country. I am not fully aware of this issue, but I would think that Greece being a E.U. member falls under E.U. category status as the rest of the European countries do(?).