Most passengers have no idea about which airlines are vunerable and few would have expected XL to go under, its this above all else that will have led to DTG trading update & why not its good commercial sense, having said that the figures mean little covering the period that they do, a little like Bernard Matthews reporting s surge in turkey sales in December!!
The winter will be difficult for all and a lowering of the oil price has no effect on costs of airlines that are hedged.
Globespan & the SAS group are ones to watch, Globespan are much closer to the XL model than Jet2
Off for a beer