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Airline bankruptcies predicted to double: ERA


The Director General of the European Regional Airline Association, Mike Ambrose, stated airline bankruptcies around the world are set to double over the Northern Winter, with at least 70 failures expected for the full year. [1521 words]

Unlock the following content in this report:


  • Zoom Airlines appoints administrator
  • Sun County files for Bankruptcy Protection
  • Skybus looks at comeback

Graphs and data:

  • US airline bankruptcies vs GDP growth (%): 1980-2008F
  • Known worldwide airline failures/cessations: Dec-07 to Oct-08
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