this market is dead due to : fuel cost, volcano ash, plane costs, training cost, ice, delay, mechanic failure, unfair competition,...
if you look the + and the - in the balance sheets, you will see that an airline can not run efficiently anymore.
3% profit in a good time, 0% in an average time, 100% in a bad time.
airlines can loose 10 years of profit in less 1 year.In 2001, airlines have lost all their assets.Just 3 months later, some have been out of business (chapter 11).
in 2009, it was 3 times worse.
this is why we see now all these new trainings like the P2F, crazy bonding where student pay 80% of his training.
As long we stay on this track, it s going to be worse, and we need more than an increase in VAT tax , to get out of problems.
what we need, it' s jobs! but as long jobs move to China, I have no hope!