Passengers won’t be the only ones checking on the location of emergency exits if the current stream of bad news in the airline industry continues. Shareholders could start to look for them too – because the outlook is distinctly bumpy.
Plans by Ryanair to take over smaller Irish rival Aer Lingus have been grounded by Europe’s competition authorities. It may appeal the judgment but rival Flybe, which stood to gain some of Aer Lingus’ slots at Gatwick, will still press ahead with job losses, cutting around 10% of its UK workforce as it fights to get back into the black. Continue reading