European Airlines

Old May 5th, 2020, 06:51 AM
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European Airlines

Ryanair plans to reduce 3000 jobs.
Lauda air doesn't fly at all. May be for ever.
Swiss airlines got a loan of 1,3 billion USD from Swiss Banks. They plan to reduce 1500 jobs.
Swiss flies actually 3 to 14 times weekly from Zurich resp. Geneva to Newark, London, Amsterdam, Berlin, Stockholm, Athens, Lisboa and Porto.
Norwegian got new money from their shareholders and plans to resume thier long distance flights in April 2021.
Aegean flies actually only from Athens to the Islands andf to Brussels.
Air Baltic may resume some flights within next week.
Air Greenland may resume international flights in June.
Austrain airlines and Brussels airlines don't fly for the moment.
Condor has been saved by German Government for a second time and flies actually from Germany to some Spanish Islands.
Cyprus Airways, Czech Airlines, Helvetic Airways, LOT, Luxair, Montenegro Airlines, Air Serbia, People's Air, SAS and Sunexpress don't fly for the moment.
Italian Government took over the completely bankrupt Alitalia. The Governmental loans of the last years (more than 1 billion USD) will be lost for sure.
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Old May 5th, 2020, 08:42 PM
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Plus

BA is cutting 12K jobs
Aer Lingus is cutting jobs
Lufthansa is getting money from the government
So is Air France
Easyjet received money

Vueling and I think Iberia received €1 billion
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Old May 5th, 2020, 09:17 PM
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KLM is receiving 10 billion, of which 4 billion is Dutch Taxpayers' money, because our government stupidly did a stock buy-back when Air France was in a difficult position. So now we own this piece of stranded asset and already it is an albatros.

Dutch gov being heavily criticized for this move, but -as with Shell and Unilever, - employment there and a government position later: it's a revolving door.
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Old May 6th, 2020, 04:33 AM
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Will flights in Europe be more expensive?
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