Monday, June 2, 2008

Just 5 airlines to survive in Europe, 50 endangered!

Fuel cost to spark airline bankruptcies: easyJet

Looks like it will soon be back to the golden aged of Steam Trains, for those who wish to visit their pad in Spain...

Posted by caribbean beauty @ 05:57 PM (666 views)
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10 thoughts on “Just 5 airlines to survive in Europe, 50 endangered!

  • Time to invest in a B & B in Torquay?

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  • Say farewell to cheap flights to your holiday home nightmare in Spain. I suppose one could always emigrate.

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  • japanese uncle says:

    Train fares are also incredibly expensive, now. People, start cycling. The healthiest and the most economic choice. I am lucky to have travelled throughout the UK on bicycle using trains while train fares were not exorbitant. I had seen enough. The most prudent way of life is to stay away from anything unreasonably expensive, including houses..

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  • Lets see Easyjet have lost 43.3 million pounds so far this year, yet their German Boss says that they will be one of the survivors!

    Sounds more like wishful thinking and spin to me, if they are currently ordering 119 new aircraft I seriously doubt that their balance sheet will improve in the next 5 years.

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  • Propeller jobs are much more fuel-efficient then jets, and as there’s less fuel on board so there’s a bigger payload. Next question.

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  • planning4acrash says:

    Corporatism at its nastyest, just like in the 1930’s when the big boys mopped up the opposition. Like Los Angeles, when GM brought up the railroad and tram companies then dismantled them. Watch out for such behaviour, keep track of it, be vigilant.

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  • @p4ac – that’s business for you. If they little guys can’t make it, either the big guys buy them cheaply or they go out of business

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  • Makes me chuckle when I think of the articles I’ve read over the last couple of years – choosing the next obscure European backwater about to triple in price because Ryanair have decided to start flying somewhere nearby for 19p.

    People who commited £300,000 to buying a second home based on the Ryanair 2006 Schedule are going to be feeling a little gutted anytime soon.

    And I wonder how many people justified their purchase based on holiday lettings income? Holiday lettings could dry up very quickly once potential holidaymakers realise they can’t afford their UK mortgage and heating bills any more.

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  • planning4acrash says:

    doom&gloom, the big boys won’t buy up the small fry with money they have earned. No, they will have money printed for them by the central banks to purchase the companies after the media have destroyed their share prices, following events caused by the boom caused by the banks in the first place. The small fry don’t have access to the same state sponsored funding. This is rudimentary Corporatism. It is not capitalism, it is command and control corporate fascism. They call recession a failure of capitalism, it is not, it is a failure of fiat currency, albeit an engineered failure, where those who caused the boom that led to the crash can print money for themselves to pick out the loosers.

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  • gardeniadotnet says:

    @uncle,

    >The most prudent way of life is to stay away from anything unreasonably expensive

    Yes, but what is the most enjoyable (and sustainable) way of life?

    G. (aka Ray>Looking to the Future).

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