Will one Airline take over the rest?
All of the worlds airlines combined have lost a total of almost 4 billion pounds (7.6 billion dollars). Airlines are struggling to keep up with the recession, leaking massive amounts of cash. So how are they going to cope, well quite simply some of them won’t be able to.
On the 2nd of September 2009, Sky Europe was the next airline to announce it’s bankruptcy. They basically told everyone that everything had to come to a halt, no more flights, even for those already on holiday. Now they are all stranded on holiday if they went with Europe Sky. They are all expected to find their own way home, as the airline has ceased flying. So now they must await their insurance company to pay for a return flight, or they will have to get their own.
But what is this all leading towards? Can we wait to expect all the airlines to just fail. Their current performance doesn’t look too good at all. However we have only been hearing about the airlines that have made losses, does this mean that the quiet ones are not doing quite so badly? What about Virgin, they haven’t been kicking up much of a fuss. In fact they appear to be interested in joining up with another airline.
Could this mean that in thirty or fifty years, there will be one world wide airline? Could it be possible that another airline could takeover all of the failing ones. If there was one airline across the world would this improve the situation? The only problem is that if one airline controlled the skies, it would be a massive responsibility; it almost feels like a step towards world domination.