Broken US carriers still streaming into Europe
This is the Perspective from today's edition of Europe Airline Daily - the comprehensive new pre-digested daily update on strategic news from Europe, saving you time and keeping you right up to date. Complimentary subscriptions to this report are currently available. Register now!
The news out of the US just keeps getting worse. Announcing swingeing capacity cuts and job losses, Continental Chairman & CEO, Larry Kellner, and President, Jeff Smisek, declared, “the airline industry is in a crisis. Its business model doesn't work with the current price of fuel and the existing level of capacity in the marketplace. We need to make changes in response”. [516 words]