Nye fyringer i Sterling
 

Yderligere 16 nedgraderinger af kaptajner og 24 fyringer af F/O

Tråkigt att höra. Hoppas det vänder snart.

Are you really sure about that? I thought Sterling was done making people redundant....

Which bases will be affected? Or will it be both STO and CPH?

All the best guys...

Økonomisk krise på Island
 

Noen som vet om eierskapet fra Island gjør at Sterling blir ytterligere berørt i disse finanskrisetider?

Unfortunately I would expect very negative news about Sterling´s owner Northern Travel Holding/Fons in the coming days. Very much involved in the "pyramid" that is FL Group/Stodir/Baugur Group. The whole thing is very likely to collapse. Fons was a significant shareholder in Glitnir Bank (which collapsed) through FL Group/Stodir which is in Icelands equivalent of Chapter 11, and not expected to recover from that.
Sterling staff best bet is that a new owner can be found... soon. Iceland Express is in the same situation.

Buckle up guys.....this is gonna be rough!!:ouch:

Maby, but people still need transportation with A/C, even with this crisis.

I guess that especially the new ones (MPLs) in Sterling must have some difficulties finding another job.

Hope for the best for all you guys leaving Sterling....

K

Yes, people still will need airtravel during a crisis, but the leisure traveler might not be as leisurely as before:ugh:. Businesstravelers, on the other hand, who get their airfare paid by their companies, should still be in demand. So there might be some truth to "low-cost out, traditional in", though that`s just a rough guestimate:(.

Be on the lookout for management strapping on their parachutes:yuk:

Front end bookings are in free-fall, and account for about 25% of the revenue for majors. Companies all over the world are having their liquidity frozen, and either downgrade their staff who have do need to travel, or cancel their bookings all together.

Business and First is where this crisis is being felt the most. And where the profits bleed the most.

So there might be some truth to "low-cost out, traditional in", though that`s just a rough guestimate


Wonder what you mean by low cost. I think the consept is here to stay. People are travellling by air in the same way as you catch your bus. There is just a matter of getting from A to B in the cheapest fastest way. Read in the newspaper that Norwegian was flying only 90 000 less passengers than sas on norwegian domestic routes in sept. Seems like money talks