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

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."
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Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I have never understood how or why people invest in these airline stocks.....
    22 Mar 2012, 08:31 AM Reply Like
  • positivethoughts
    , contributor
    Comments (1964) | Send Message
     
    It's airport and development fees that kill the airlines. The cost of a ticket is heavily weighted by these fees.
    22 Mar 2012, 10:34 AM Reply Like
  • bearfund
    , contributor
    Comments (1534) | Send Message
     
    Indeed, between airlines and retailers you have a full employment programme for bankruptcy lawyers.
    22 Mar 2012, 11:02 AM Reply Like
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