Friday, 12 September 2008
XL 'Zooms' in part 2
I really tried to warn people of this, 10 days ago. Also Al Italia's talks have also collapsed again today, very predictably. Sooner or later this is just going to fall over as the huge debts are unsustainable with its business model. Also today SAS is in trouble too and a bail out is being worked upon
If you look back to April, just 5 months ago, Oil hit $100 a barrel and has since gone up and come back down to that level. Old planes on competitive roots just can't cut it; hence all the airline failures.
The lesson is be careful who you book with, personally speaking I think in the UK there are Virgin, BA, BMI, Easyjet and Ryanir (who cancel flights anyway) who would be able to survive another 6 months of this. Some of the bigger national carriers, like Air France, AA, Lufthansa are OK too. If you book with anyone else make sure it is through ATOL so that your way home is assured; Otherwise you could end up as another holiday refugee statistic.