It’s not the biggest issue but allowing the fixed wing operators to haemorrhage cash the way they have and allow them to continue has put a lot of rotary jobs at risk as this latest set of accounts prove. It’s exceptionally reckless.
Eastern appear to be loosing about $50k a day?
No one else would persist in throwing good money after bad propping up Airlines (no matter how much they are needed for contracts) particularly in the U.K. which in this climate have no possibility of breaking even. Time to ditch what’s left, keep what’s needed and reign in the pointless loss making scheduled work.
Drastic action looks like it needs to happen ASAP.