passenger traffic down 9.4% in March.
(From the BBC article)
Hmmmm
I think some other non-airline businesses would be quite content to have just a 9.4% reduction in business. I can't help thinking that some reduced pricing might help here? Most European airlines seem to have hiked their prices when the oil price peaked in 2008 and never came back down again. Swiss for example are still applying fuel surcharges on flights. Flights within Europe that used to be a few hundred Euros can now be nearer the €1000 level. Certainly my employer (Big multi-national) is encouraging its employees to travel by train or car in Europe. Even if it requires one or two extra nights in hotels it is frequently cheaper than flying. (and sometimes quicker)