British Airways CEO sees more bankruptcies and mergers
“I suspect that many airlines out there that struggled when fuel was less than $100 a barrel are not going to be able to take the required actions and we will see further failures”
NEW YORK : British Airways' chief executive expects more failures and more mergers in the air industry this year as carriers face the challenges of soaring oil prices and a weak U.S. economy. via International Herald Tribune
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#1 May 19, 2008
I predict they will invest heavily in American Airlines.
#2 May 20, 2008
yeah,...so their scumbags,naziz pilots can collect more pay.,..they sholud just go bankrupt and half size it,,,maybe they'll learn the lesson the TWA guys did!!!!
#3 May 20, 2008
BA will have scattered layoffs, reduced ASM's, more code-shares, and pay reductions. They will be stronger in 09..
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