Financial Times: Aviation Industry Faces Ongoing Turbulence Going Into 2019
Oct 24, 2018
The Financial Times reported that the chief executive of Gatwick, the UK’s second busiest airport, has said he expects some airlines to fall into bankruptcy this winter following a number of recent failures.
A number of European airlines having failed in the past two years, including Air Berlin and Alitalia in 2017, heralding turbulence in the months ahead. Alone in the last two months, Latvia’s Primera Air, Small Planet in Germany and Belgium’s VLM have all collapsed.
Bjoern Maul, global aviation practice partner, said the failure of these carriers tended to be a result of “overexpansion, being behind in restructuring… [and] issues around changing market environments all of a sudden.”