European Cargo: grounded by financial pressure and an unforgiving market
European Cargo’s collapse appears to have been driven by a combination of rising operating costs, ...
© Colicaranica
By Alex Lennane
As UK regional carrier Flybe went into liquidation this morning, following low demand on top of already challenging finances, IATA predicted global revenue losses for the passenger business of between $63bn and $113bn.
Its previous prediction, for ‘just’ $29.3bn, was based on a scenario that confined ...
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