The airline industry is struggling against headwinds. In 2019, 17 players, including Indian Jet Airways, French Aigle Azur and Slovenian Adria, went bankrupt. This is a record number, notes the consulting firm IBA, which also predicts continued weak development for the industry.
”"The final quarter of the year usually involves several setbacks as the northern hemisphere has winter," comments CEO Phil Seymour, referring to reduced travel patterns for the important European market.
However, the failures of others are also the successes of their competitors in the form of aircraft fleets being taken over. For example, travel giant Thomas Cook's Airbus planes now have a speculator in the form of low-cost airline Ryanair, which plans to use them on routes operated by Austrian Lauda, which was acquired by Ryanair earlier this year.
