Subcontinent flag carriers in trouble
Despite the recent drop in the price of oil, the Indian Subcontinent’s flag carriers are in serious trouble. Shackled with low productivity levels and ageing fleets from years of neglect by their government shareholders, high fuel prices magnified the problems at Air India, Pakistan International Airlines (PIA), Biman Bangladesh Airlines and SriLankan Airlines. The four airlines reported combined losses of approximately USD715 million in the 12 months ended 31-Mar-08.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.