One airline after another, crumble!
All of the worlds airlines combined have lost a total of almost 4 billion pounds (7.5 billion dollars). Airlines are struggling to keep up with the recession, leaking massive amounts of cash. They will need to start making some profits soon, otherwise they will go the same direction as Sky Europe.
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. Those that were on holiday with Sky Europe when this happened have been stranded. They are all expected to find their own way home, as the airline has ceased flying. This means that the customers will have to pay for flights off their own backs or get their insurance company to cover it.
But what is this all leading towards? Is there going to be a massive meltdown, and all of the worlds Airlines will just crumble. It already looks as though they cannot handle the recession. 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? Airlines like Virgin have been very quite, but maybe it’s because they have other businesses supporting them. In fact they appear to be interested in joining up with another airline.
So when we think about the current situation that all the leading airlines are faced with, it could be that in around 50 years, one airline will control them all? Perhaps if all the others start to fail, which airline could capitalise on this. Would it not make sense for there to be one worldwide airline? 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.
