post 9/11 bankruptcy
post 9/11 bankruptcy
A Runyonesque Character
Join Date: Apr 2004
Location: The South of France ... Not
Age: 74
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Airlines go bankrupt all the time. The upheavals in the industry after 9/11 pushed a number of shaky cases over the brink - Sabena, Swissair, Ansett and Midway are usually quoted (forgive me if I'ver forgotten any).
They might or might not have gone bust anyway. Trading conditions - at least for the Europeans - were very difficult in early 2001.
Several others which have gone under since then will have found the going tougher since 9/11, but the cause-and-effect is less easy to see.
They might or might not have gone bust anyway. Trading conditions - at least for the Europeans - were very difficult in early 2001.
Several others which have gone under since then will have found the going tougher since 9/11, but the cause-and-effect is less easy to see.
