Which Airlines may be next to Fold?

O

ozfflyer

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thomas cook gone

jet airways india gone

cobalt gone

numerous otheer EU operators gone

JQ NZ domestic goning

Condor next ?

Norwegian ?
 
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Comair, which operates British Airways flights in South Africa and owns Kulula, has been placed into voluntary "business rescue". The airline has not been able to operate any passenger flights since 26 March, and may remain grounded for months.

Meanwhile, South African Airways, the country's other main airline, is unlikely to survive after the government withdrew funding a few weeks ago.

www.flightglobal.com

South Africa’s Comair files for business rescue

South African carrier Comair has become the latest operator in the country to enter business rescue, as it aims to restructure to deal with the coronavirus crisis. Comair made a pre-tax loss of R645 million ($35 million) for the six months to 31 December. "While we had started making good ...
www.flightglobal.com www.flightglobal.com

Comair is one of the only airlines in the world that has been consistently profitable for decades. It just shows that no airline is immune from the current crisis.

I've flown Comair a few times and found them to be good. I hope they are able to come out of this crisis in good shape.
 
Lufthansa is negotiating a stabilisation package for 9 billion euros with the Federal Economic Stabilisation Fund (Wirtschaftsstabilisierungsfonds - WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. (Airline Geeks 12/5/20)
 
LATAM intending filing for "Chapter 11" in three countries.

After the big fanfare of linking up with Delta and exiting OneWorld....

www.nytimes.com

Chile's Latam Airlines Group Hires PJT Partners to Restructure Debt: Report

Chile's Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday.
www.nytimes.com www.nytimes.com
 
Virgin Atlantic still trying to raise $1b in cash to stay afloat with no prospect of flying anytime soon due to the UK government introducing 14 day quarantine shortly.

 
jakeseven7 said:
I thought VA was bigger than that...
Click to expand...
The same goes for VS. With the way they act, I had thought they were at least half the size of BA only to find that VS had 35 aircraft and 30 destinations compared to 278/183 for BA.
Virgin Australia Holdings has 132 aircraft across mainline, regional and TT, while Qantas Group have 292 across mainline, link and JQ (+53 more at the other Jetstar franchises).
 
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