TTG Nordic - Travel News and Events
€350 million loss at Iberia vs. €350 million profit at BA
Write-downs keep tour operator deep in debt
Franz: “We don’t have the level of profitability we need”
Airline faces resilient LCCs, Mid-Eastern carriers and uncertainty
Savings program so far not enough to battle “headwinds”
AirAsia will be first A320 operator with special wing tips
Airline operates 73% more flights in first eight months
But downward pressure on profitability is increasing
Flight forced to land in Syria due to lack of fuel
Increasing expenses outpace any increase in revenues