I read a few days ago that Ryanair's going to cancel 250 flights from Stansted this winter - about 14% of their total. I'm not an expert on Ryanair by any means, but I think that's a fairly unprecedented move. They're apparently Europe's most profitable airline (which I find hard to believe, when they sell flights for 99p, but there you go) so I'm sure they'll survive, but - it's just not a great sign of things to come, is it?
There are definitely jitters throughout the industry at the moment. There are lots of rumours on Pprune about airlines that might or might not go bust. I hope and pray for all of the families who are affected by this industry that somehow we all get through this, and come out the other side.
It's going to be nasty for a fair while yet before it gets better though, I fear.
Showing posts with label Fuel prices. Show all posts
Showing posts with label Fuel prices. Show all posts
Sunday, 20 July 2008
Monday, 26 May 2008
Fuel price nightmare
I think the increase in fuel prices is probably keeping most pilots' wives awake at night at the moment (and naturally, their husbands, too).
Of course, it's been a problem for a while; every airline has been emphasising the importance of flying economically for months if not years, and fuel surcharges have become a constant presence (and annoyance) for passengers - but this is something else entirely. In the last few weeks several airlines have announced they've ceased trading - last week it was Silverjet (the business class only airline) whose shares were suspended, and earlier in the week, Euromanx, an airline serving the Isle of Man, went into receivership. And a few weeks ago Oasis, a low-cost airline flying from London-Hong Kong, folded too - and I'm not even going to attempt to list the US based airlines that are struggling at the moment - there are very many indeed.
So, every pilot (and his family) is worried sick that more job losses and airline failures lie ahead. At best, it's expected that pilots with low seniority in many airlines will find they're out of a job, and at worst, it's feared that airline after airline will find it can't survive. Even Ryanair's rumbumptious boss reckons that hard times are ahead.
Having said that, of course, many of our biggest and most established airlines are still making healthy profits. The immediate fear is that some of the smaller, newer airlines will go first.
But I have to say this doesn't reassure me that much; how long will it be before our biggest airlines start to show signs of pressure? Will people still want to travel abroad so much, given the increased cost combined with the credit crunch, and existing (and increasing) pressures about reducing their carbon footprint?
We just hope that, in the end, despite financial pressures, people will still want to go on holiday. And aviation is vital to worldwide trade, so we have to hope that business travel will continue.
And on a personal note, because I love our world - but I also love my husband, and we rely on aviation for our livelihood - I really hope airlines and the industry in general find a way for flying to become greener. (Although having said that, of course, aviation represents an extremely low percentage of carbon emissions - but that's probably for another post entirely!!)
But, for now, my dear readers, a plea - please book that sunny break this summer. In fact, while we're at it - could you make that two?
Of course, it's been a problem for a while; every airline has been emphasising the importance of flying economically for months if not years, and fuel surcharges have become a constant presence (and annoyance) for passengers - but this is something else entirely. In the last few weeks several airlines have announced they've ceased trading - last week it was Silverjet (the business class only airline) whose shares were suspended, and earlier in the week, Euromanx, an airline serving the Isle of Man, went into receivership. And a few weeks ago Oasis, a low-cost airline flying from London-Hong Kong, folded too - and I'm not even going to attempt to list the US based airlines that are struggling at the moment - there are very many indeed.
So, every pilot (and his family) is worried sick that more job losses and airline failures lie ahead. At best, it's expected that pilots with low seniority in many airlines will find they're out of a job, and at worst, it's feared that airline after airline will find it can't survive. Even Ryanair's rumbumptious boss reckons that hard times are ahead.
Having said that, of course, many of our biggest and most established airlines are still making healthy profits. The immediate fear is that some of the smaller, newer airlines will go first.
But I have to say this doesn't reassure me that much; how long will it be before our biggest airlines start to show signs of pressure? Will people still want to travel abroad so much, given the increased cost combined with the credit crunch, and existing (and increasing) pressures about reducing their carbon footprint?
We just hope that, in the end, despite financial pressures, people will still want to go on holiday. And aviation is vital to worldwide trade, so we have to hope that business travel will continue.
And on a personal note, because I love our world - but I also love my husband, and we rely on aviation for our livelihood - I really hope airlines and the industry in general find a way for flying to become greener. (Although having said that, of course, aviation represents an extremely low percentage of carbon emissions - but that's probably for another post entirely!!)
But, for now, my dear readers, a plea - please book that sunny break this summer. In fact, while we're at it - could you make that two?
Subscribe to:
Posts (Atom)
BlogCatalog
Posts
