More airline failures to come, warns Walsh
British Airways chief executive Willie Walsh has warned there will be more airline failures to come.
In a speech to the London Chamber of Commerce yesterday, he said the airline industry was going through its worst ever crisis and the 30 airlines which have collapsed this year would be joined by others.
“There will be more to come as we head toward the traditionally poorer returns of the winter travel season,” he told his audience, according to a Reuters report.
He said falling oil prices would not alleviate the problems facing the industry.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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