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Author Topic: Germania Files for Bankruptcy  (Read 389 times)

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Offline Anmer

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Germania Files for Bankruptcy
« on: February 05, 2019, 12:03:16 pm »
Another one bites the dust:

Budget airline Germania has filed for bankruptcy and cancelled all of its flights with immediate effect.

The Berlin-based airline, which flew to destinations across Europe, Africa and the Middle East, transported more than four million passengers a year.

It blamed rising fuel prices and currency fluctuations as two factors


https://www.bbc.co.uk/news/business-47127921


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Offline Graham Bell

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Re: Germania Files for Bankruptcy
« Reply #1 on: February 05, 2019, 01:05:52 pm »
Surprised they have not blamed the Irish Backstop!!  ::)
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Offline Anmer

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Re: Germania Files for Bankruptcy
« Reply #2 on: February 05, 2019, 01:20:39 pm »
I've never heard Michael O'Leary referred to as that before?  ;D
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Offline Graham Bell

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Re: Germania Files for Bankruptcy
« Reply #3 on: February 05, 2019, 03:03:18 pm »
 ;D
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Offline mhm

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Re: Germania Files for Bankruptcy
« Reply #4 on: February 05, 2019, 07:45:45 pm »
If he had not bought so many new aeroplanes he would have made a profit
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Offline Anmer

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Re: Germania Files for Bankruptcy
« Reply #5 on: February 05, 2019, 08:05:08 pm »
If he had not bought so many new aeroplanes he would have made a profit

If you're referring to Ryanair, the Winter quarters are never that profitable.  Basically there's too much capacity, hence Germania failing.  Others may follow but Ryanair won't be among them.
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