The usual ten year cycles in the airlines would appear to be getting shorter. Mix these things in, and the chronic overcapacity in Europe and its a perfect storm for the airlines. There will be casualties in the UK, Ireland and Europe too.
Well I was told the economic cycle was 7 years. If you remember 9/11 (ushering in one downturn) to Excel going bust (ushering in the next) was 7 years
to the day.
7 years after that will be this time next year. With the Eurozone looking dodgy, it'll be the EU to LGW where the bloodbath will occur; Easy/ BA/ Norwegian. Can't see it'll effect the sun routes. If the last recession proved anything, the package holiday won't be in any doubt, but point to point EU travel will be.