Flybmi won't be the last airline failure, say analysts
Flybmi's announcement that it had collapsed summed up the airline industry's woes: fuel costs, green taxes, Brexit uncertainty, falling passenger numbers. It might have added fierce competition. Several European airlines have folded or hit financial trouble during the past 2 years. Monarch collapsed in Oct 2017, while Germania filed for insolvency earlier this month. Air Berlin and Alitalia went bust, although the latter was propped up by the Italian govt. Primera, Cobalt, Azurair Germany, Small Planet Airlines and SkyWork also all succumbed to the market turbulence sweeping across the sector. Ryanair boss Michael O'Leary warned this month that the industry would see more bankruptcies. "There are simply too many seats and not enough people," said Travel expert Simon Calder. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-19/unaligned/flybmi-wont-be-the-last-airline-failure-say-analysts
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Flybmi won't be the last airline failure, say analysts
Flybmi's announcement that it had collapsed summed up the airline industry's woes: fuel costs, green taxes, Brexit uncertainty, falling passenger numbers. It might have added fierce competition. Several European airlines have folded or hit financial trouble during the past 2 years. Monarch collapsed in Oct 2017, while Germania filed for insolvency earlier this month. Air Berlin and Alitalia went bust, although the latter was propped up by the Italian govt. Primera, Cobalt, Azurair Germany, Small Planet Airlines and SkyWork also all succumbed to the market turbulence sweeping across the sector. Ryanair boss Michael O'Leary warned this month that the industry would see more bankruptcies. "There are simply too many seats and not enough people," said Travel expert Simon Calder. <br/>
