Airline business undergoing a surge of change
The airline industry is undergoing a surge of change as bankruptcies, job losses and bailouts ...
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By Alex Lennane
It’s a mark of the very weird times we live in: bankrupt, defunct Jet Airways is the best-performing airline stock. Its share price has surged 150% this year, according to AJOT, while the world’s largest carriers, on average, have fallen 42%. Jet, at least, is not getting into further debt, but already has 17,000 creditors owed some $3.4bn. There is a recovery plan for some of its remaining assets – but it’s unlikely to take to the skies any time soon.
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