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Who will go bust next?


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#21
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Dont need to be :P

 

Correct. :P



#22
Exodus

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Like Will said, I fear for Augsburg Airways. Although it's more being sure than fearing. If I'm not mistaking, they already announced they would seize operations after the summer season.

The one I fear for is not VS, not SK, but LO ! LOT has been in dire waters for some time. Last year they had to ask an emergency loan to bridge the 4th quarter. In 2013 they will need additional fundings just to make it through the 3rd quarter. The Polish government is now considering wether to shut down LOT or try to sell it to a potential buyer and I fear they will go for the 1st option before the 3rd quarter is over ...


Always aim high !


#23
Ioh

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but LOT's such a great airline :(


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#24
ale444

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Hope SAS makes it...... :D



#25
bcrath

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Virgin Atlntic are not going bust. They are the most profitable airline in the world, still operating A340 aircraft for the Wiiiiiiiiiiiinnnnnnn

#26
Ioh

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Virgin Atlntic are not going bust. They are the most profitable airline in the world, still operating A340 aircraft for the Wiiiiiiiiiiiinnnnnnn

 

Little Red however, is underperforming.


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#27
KJS607

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Little Red however, is underperforming.

I beleive Little Red has a scheduled closure now...similar to our late bmibaby,



#28
KJS607

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As it stands, 

  • Monarch are clinging onto broken strings but I reckon they'll pull through just like they have for over 45 years.
  • Air Berlin is eating it's bank balance...it needs to suddenly jump back into profit or face further shedding or closure
  • LOT are leasing out 787's and putting adverts all over their E Jets.....bad signs
  • Air India is stripping new dreamliners.....that can only end badly
  • Anybody heard much from TAP lately?


#29
Luft

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  • Anybody heard much from TAP lately?

 

Apparently, TAP's borrowing money from the LH Group and may be folded into it to save themselves.

 

The European airlines going kaput are TAP, SAS, LOT, and Alitalia, and Norwegian, Airberlin, and Brussels Airlines may be right behind them.

 

I'm praying that Virgin Atlantic never closes...sad to see Little Red go, though   :cry4:  :cry4:  :cry4:  :cry4:  :cry4:


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#30
Will101

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Norwegian struggling for cash? News to me. 

Alitalia now have backing from Etihad, I'm sure they'll just be pumping money into them to stop them from dying too soon. 

Virgin Atlantic should really just hurry up and go bankrupt, horrible structure and seem to only be around to *try* cause trouble with BA.

However I think FlyBE are in some real dire straights currently. Many E-Jets have been wfu'd and sold on with orders being deferred away (which has been happening for some time), their current 'faster than road or rail' scheme they have going appears to be one of their last hopes at success, but thankfully their Nordic operations appear to be helping the group for money.  



#31
Hake.

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I thought FlyBe are on the way back up again, which seems to be the consensus among online forums. As long as they continue to break even, that is. I would say Virgin is safe for now, with Brandon not wanting to lose his brainchild. AF is in massive need of restructuring too. Not sure on SAS though.

#32
KJS607

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As far as I am currently aware, FlyBe is actually making a profit again...finally. The withdrawal of larger E-Jets is due to lower load factors and hence no need for the extra seat capacity offered by the larger jet with extra cost.

 

Norwegian are often said to be rocky but that's only because they don't release everything into the public. They certainly won't be going anytime soon with over 200 aircraft on order.

 

TAP is likely to simply join LH, they won't fold completely and will stay independent in terms of operation as they are a major flag carrier, although SATA could take the role if needed. 



#33
zipp

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On the other side of the world:

Qantas has stopped hemorrhaging money and is "Set to profit in first half of the 2014/2015 financial year"

http://www.courierma...32bafd29514d19d

Personally, I think get rid of Joyce.

But that's just me.


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#34
Chubby Bear

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With the horrible mismanagement of SAA I bet it wont be long now until the government just cant take care of it anymore. They can only bail it out so many times and  I think they must be very close to that point. You can read about South African Airways problems daily in the newspapers here in South Africa.The ME3 are sucking the traffic flow of SAA dry and its only going to get worse. Please SAA just privatize yourself or give up, you are so close to dying you can pretty much taste it.


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#35
ConThor

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LOT is probably not going to fail any time soon, due to a rise in profits. The airline delayed it's request for a loan from the government, and as of recently it has managed to put "a few dozen million zlotych" (3 zloty=1 US Dollar) into it's wallet.
http://centreforavia...tate-aid-379857

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#36
KJS607

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LOT is probably not going to fail any time soon, due to a rise in profits. The airline delayed it's request for a loan from the government, and as of recently it has managed to put "a few dozen million zlotych" (3 zloty=1 US Dollar) into it's wallet.
http://centreforavia...tate-aid-379857

It is still loosing money :/



#37
zipp

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I think when the world's oil runs out, one of the ME3 (EK, ET and QR) may go bust.

But that won't be for a while yet.


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#38
Hake.

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In related news, Aer Lingus has posted highest profits since 2008 and an average 86.9% LF. No troubles there... and AF/ KL is going downhill. AF is losing money, KL is making money, but cutbacks are systemwide with plenty of Dutch workers to be laid off.

#39
LuxAirport

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I think Intersky is the next airline which will cease operations. SAS will struggle again but will be saved another time.



#40
Hake.

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I think Intersky is the next airline which will cease operations. SAS will struggle again but will be saved another time.

Intersky will do grand. CityJet will pull through as will Intro itself.




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