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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (68846)	10/7/2019 8:31:53 AM
From: Goose94	Read Replies (1) of 202825

HUV-T: airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India's Jet Airways, Britain's Thomas Cook and Brazil's Avianca. Airline consultant IBA saying in a report, "2019 has seen the fastest growth in airline failure in history." IBA tallies 17 carriers that have gone bust so far this year. More may follow as weaker players are squeezed by low-cost competition and higher fuel costs exacerbated by a strong dollar (which hurts those selling tickets in euros or pounds and buying kerosene and planes in the U.S. currency). "The last quarter of the year tends to see more failures during the northern hemisphere winter," Phil Seymour, IBA's chief executive officer, told Reuters. U.S. carriers have been spared by the "natural hedge" of dollar revenue. The run of bankruptcies has also created opportunities for stronger carriers to pick up planes, traffic and airport slots abandoned by collapsed rivals. Other airlines which have folded in 2019 include France's Aigle Azur and XL Airways, Germania, Flybmi and Adria of Slovenia, which filed for bankruptcy last week.

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