PPRuNe Forums - View Single Post - Swissair may be down yet again..
View Single Post
Old 2nd November 2001 | 06:12
  #16 (permalink)  
Epsom Hold 2
 
Joined: Feb 2001
Posts: 44
Likes: 0
From: London, England
Post

Contributing nothing to the thread by saying this but I still find it astonishing that an airline with such a solid O&D business market and strong image could end up like this. Same with Ansett, they made a profit year in year out for decades and until 1998 as half of a cosy duopoly with TN/QF, the softest airline market in the world by far. Now they don't even exist. Sabena haven't made a profit since 1959 so I never had high hopes for them; and there are plenty of cumbersome flag carriers wobbling badly who've never been well-loved or cared for by their owner-gov'ts (Olympic, Iberia, Alitalia). A few biggish names were bound to disappear. But how did SWISSAIR and ANSETT, of all airlines, end up writing themselves off, and so quickly. Incredible.
Epsom Hold 2 is offline