Text only | Text with Images

Radarspotting

Miscellaneous => Aviation News => Topic started by: Anmer on February 05, 2019, 12:03:16 PM

Title: Germania Files for Bankruptcy
Post by: Anmer 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
Title: Re: Germania Files for Bankruptcy
Post by: Graham Bell on February 05, 2019, 01:05:52 PM
Surprised they have not blamed the Irish Backstop!!  ::)
Regards-
G.B.
Title: Re: Germania Files for Bankruptcy
Post by: Anmer on February 05, 2019, 01:20:39 PM
I've never heard Michael O'Leary referred to as that before?  ;D
Title: Re: Germania Files for Bankruptcy
Post by: Graham Bell on February 05, 2019, 03:03:18 PM
 ;D
Title: Re: Germania Files for Bankruptcy
Post by: mhm on February 05, 2019, 07:45:45 PM
If he had not bought so many new aeroplanes he would have made a profit
Title: Re: Germania Files for Bankruptcy
Post by: Anmer on February 05, 2019, 08:05:08 PM
Quote from: mhm on February 05, 2019, 07:45:45 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.
Text only | Text with Images