30 airlines will go bust this year
Join Date: Apr 1999
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Lets not get too hung up on Willie Walshs prediction of 30 airlines going bust. In the Sky News interview they asked how many airlines would go bust and he simply said that thirty had gone bust in the last year and he wouldn't be surprised to see the same number go bust this year. It's not like he had any particular evidence of that, it was pure 'finger in the air' stuff that any one of us could have come up with!
Join Date: Jun 1999
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As for FlyGlobespan, I can't see them going bust anytime soon for the following reasons:
1)They have some very lucrative ACMI contracts, including the Falklands Airbridge which generates much needed cash for the airline.
2) There current load factors (if the last couple of flights I've operated are to go by) are very high with no empty seats & large ammounts of freight.
3) They hedged their fuel at a price well below $100/barrel.
4) The main rival on their 'Bread & Butter' UK- Canada Lo-Cost market has gone.
5) A serious rival on their SFB & Scotland- Med' routes has gone.
6) Bookings for next season are well up on this season despite the economic downturn.
7) They made a £20 million loss last year, whereas this year it's on track to make a (albeit humble) profit of £2 million.
8) It is a company owned by 1 man & isn't beholden to shareholders demands for dividends.
9) They've finally got their act together.
1)They have some very lucrative ACMI contracts, including the Falklands Airbridge which generates much needed cash for the airline.
2) There current load factors (if the last couple of flights I've operated are to go by) are very high with no empty seats & large ammounts of freight.
3) They hedged their fuel at a price well below $100/barrel.
4) The main rival on their 'Bread & Butter' UK- Canada Lo-Cost market has gone.
5) A serious rival on their SFB & Scotland- Med' routes has gone.
6) Bookings for next season are well up on this season despite the economic downturn.
7) They made a £20 million loss last year, whereas this year it's on track to make a (albeit humble) profit of £2 million.
8) It is a company owned by 1 man & isn't beholden to shareholders demands for dividends.
9) They've finally got their act together.
Paxing All Over The World
chief executive Phil Wyatt said "ultimately I blame myself"
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Of course, EZY haven't recently announced redundancies or large cutbacks on route frequencies out of BFS at all. Or did they? Maybe Wiseguy can fill us in.
Oh and Tower Ranger sends his regards.
Yeah ...he had faith in BHD, UK aviation and it's future
(Hi Mark)
Last edited by eastern wiseguy; 14th Sep 2008 at 06:55.
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Well pax boy whilst phil whatt says that in one hand has his finger up at you on the other.
Ive had the unpleasantness of doing business with the man and whilst hes making money all is fine but the minute things go wrong he doesnt give a s...t about anyone else other than his pocket.
He ran caledonian and sabre airways into the ground and im sure this wont be the last weve seen of him.... im sure his cash has been put into XL france till the next venture...
Ive had the unpleasantness of doing business with the man and whilst hes making money all is fine but the minute things go wrong he doesnt give a s...t about anyone else other than his pocket.
He ran caledonian and sabre airways into the ground and im sure this wont be the last weve seen of him.... im sure his cash has been put into XL france till the next venture...
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Fear not said he. I am sure it is only an oversight but we have some 1400 top professional airline managers coming onto the market any day now. These good people with their vast depth of aviation knowledge will be able to turn your airline around in a short space of time.
I am sure that for many of you it is an exciting prospect the thought of having a real big player on board. If any of you are interested please pm me as I have a list already of leavers with comprehensive skills base.
I am sure that for many of you it is an exciting prospect the thought of having a real big player on board. If any of you are interested please pm me as I have a list already of leavers with comprehensive skills base.
