More air carriers will go bust this year as fuel costs and sluggish economies undermine...

|By:, SA News Editor
More air carriers will go bust this year as fuel costs and sluggish economies undermine profitability, Emirates president Tim Clark tells Bloomberg. “We can reel off a whole load of airlines that are teetering on the brink or are really gone. Roll this forward to Christmas, another eight or nine months, and we’re going to see this industry in serious trouble."