WW "airlines to go bust"
Mar 6, 2020, 11:52 am
#691
Join Date: Dec 2009
Location: Flatland
Programs: AA Lifetime Gold 1MM, BA Gold, UA Peon
Posts: 6,105
Finnair might also face some trouble. Operationally it's doing OK, but its major strategy these days is "the short route to Asia" - hence why Helsinki is filled with slightly dazed-looking Asian tourists fresh off the overnights from Asia to enjoy their layover in Lapland [1]. I'm sure that Asia-to-Europe business is not doing very well at the moment and if that keeps up, Finnair's strategy will be under stress.
[1] Yes I know Helsinki is not in Lapland, but that's not how the advertising shades it.
[1] Yes I know Helsinki is not in Lapland, but that's not how the advertising shades it.
Mar 6, 2020, 2:48 pm
#692
Join Date: Nov 2017
Posts: 3,059
Finnair might also face some trouble. Operationally it's doing OK, but its major strategy these days is "the short route to Asia" - hence why Helsinki is filled with slightly dazed-looking Asian tourists fresh off the overnights from Asia to enjoy their layover in Lapland [1]. I'm sure that Asia-to-Europe business is not doing very well at the moment and if that keeps up, Finnair's strategy will be under stress.
That said, they could always put a spare A330/A350 on HELAGP and spread the word here, I’m sure there’ll be a few takers to keep them busy.
Mar 7, 2020, 5:41 am
#693
Join Date: Feb 2011
Posts: 5,797
Finnair might also face some trouble. Operationally it's doing OK, but its major strategy these days is "the short route to Asia" - hence why Helsinki is filled with slightly dazed-looking Asian tourists fresh off the overnights from Asia to enjoy their layover in Lapland [1]. I'm sure that Asia-to-Europe business is not doing very well at the moment and if that keeps up, Finnair's strategy will be under stress.
[1] Yes I know Helsinki is not in Lapland, but that's not how the advertising shades it.
[1] Yes I know Helsinki is not in Lapland, but that's not how the advertising shades it.
Mar 7, 2020, 6:16 am
#695
Join Date: Oct 2007
Location: London
Programs: BA - Gold for Life, CCR & GGL; IC Spire Elite Ambassador; Diamond Hilton Honors; Hyatt Discoverist
Posts: 6,720
I believe they are part of the revenue sharing arrangements on the North Atlantic.
Mar 7, 2020, 6:24 am
#696
Join Date: Oct 2015
Location: London, UK
Programs: BAEC GGL/GFl, HH Diamond, BW Diamond, Virgin Voyages Deep Blue Extra, Blue Peter Badge Holder
Posts: 3,937
Mar 7, 2020, 6:27 am
#698
Join Date: Oct 2007
Location: London
Programs: BA - Gold for Life, CCR & GGL; IC Spire Elite Ambassador; Diamond Hilton Honors; Hyatt Discoverist
Posts: 6,720
Mar 7, 2020, 6:30 am
#699
Join Date: Oct 2015
Location: London, UK
Programs: BAEC GGL/GFl, HH Diamond, BW Diamond, Virgin Voyages Deep Blue Extra, Blue Peter Badge Holder
Posts: 3,937
Many thanks, did they join subsequently, I just remember the initial press release?
Having a quick look at the AY website, it does indeed talk about Atlantic Joint Business joint ventures which I assume is the profit sharing agreement? Some other interesting points on there too...https://investors.finnair.com/en/fin...business-model
Having a quick look at the AY website, it does indeed talk about Atlantic Joint Business joint ventures which I assume is the profit sharing agreement? Some other interesting points on there too...https://investors.finnair.com/en/fin...business-model
Mar 7, 2020, 8:18 am
#702
Join Date: Aug 2015
Programs: BA OWS, A3*G
Posts: 262
Mar 7, 2020, 9:34 am
#704
Moderator: British Airways Executive Club, Iberia Airlines, Airport Lounges and Environmentally Friendly Travel
Join Date: Jan 2003
Location: London, UK
Posts: 22,210
American Airlines' financials are looking increasingly precarious, with eye-watering levels of negative debt to equity ratio.
Dec 2015: +3.65%
Dec 2016: +6.43%
Dec 2017: -32.14%
Dec 2018: -201.36%
Dec 2019: -283.42%
As with other US based carriers it is protected from outright collapse but I wouldn't be surprised if AA finds itself back in Chapter 11 in the near future
Dec 2015: +3.65%
Dec 2016: +6.43%
Dec 2017: -32.14%
Dec 2018: -201.36%
Dec 2019: -283.42%
As with other US based carriers it is protected from outright collapse but I wouldn't be surprised if AA finds itself back in Chapter 11 in the near future
Mar 7, 2020, 9:47 am
#705
Join Date: Nov 2017
Posts: 3,059
