Air Australia goes bust
Feb 17, 2012, 1:19 am
#1
Original Poster
Join Date: Apr 2011
Location: Sydney, Australia
Programs: Skypass, Qantas Frequent Flyer, Asiana, Krisflyer, Etihad Guest, Velocity Rewards
Posts: 320
Air Australia goes bust
Thousands left without flights
300 Air Australia staff stood down
Company unable to pay for fuel
Questions about when the company went broke
No flights in the 'short to medium term'
Turbulence that brought down an airline
No way home as passengers wait on news
Matt O'Sullivan's analysis: Customers jettisoned again
It will take days for the 4000 people stranded by the collapse of Brisbane-based budget carrier Air Australia to make their own way home. The airline went into administration today.
Many passengers will arrive over the weekend but even with Qantas, Jetstar and other airlines helping out, some are unlikely to make it back until early in the week.
300 Air Australia staff stood down
Company unable to pay for fuel
Questions about when the company went broke
No flights in the 'short to medium term'
Turbulence that brought down an airline
No way home as passengers wait on news
Matt O'Sullivan's analysis: Customers jettisoned again
It will take days for the 4000 people stranded by the collapse of Brisbane-based budget carrier Air Australia to make their own way home. The airline went into administration today.
Many passengers will arrive over the weekend but even with Qantas, Jetstar and other airlines helping out, some are unlikely to make it back until early in the week.
http://www.smh.com.au/travel/travel-...#ixzz1mcpLWMft
Feb 17, 2012, 3:42 am
#2
Join Date: Dec 2009
Posts: 5,439
Really no surprise... as soon as they left the military/charter market I knew they were gonna get slaughtered.
They're trying to make money in the leisure market (HKT/HNL) which have notoriously low yields, but without:
1. Low cost structures such as Air Asia
2. Really packing the seats in tight such as Air Asia
Recipe for disaster...
They're trying to make money in the leisure market (HKT/HNL) which have notoriously low yields, but without:
1. Low cost structures such as Air Asia
2. Really packing the seats in tight such as Air Asia
Recipe for disaster...
Feb 17, 2012, 2:04 pm
#5
Join Date: Jul 2010
Location: DCA
Programs: US CP, DL GM, AA Plat
Posts: 729
Feb 17, 2012, 4:46 pm
#6
Moderator Hilton Honors, Travel News, West, The Suggestion Box, Smoking Lounge & DiningBuzz
Join Date: Jun 2000
Programs: Honors Diamond, Hertz Presidents Circle, National Exec Elite
Posts: 36,023
And per http://www.flyertalk.com/forum/trave...elsewhere.html, since this is an airline-specific story, after its brief sojourn here I am moving to the appropriate airline forum while leaving a 30-day-redirect here for those interested.
cblaisd
Moderator, Travel News forum
cblaisd
Moderator, Travel News forum
Feb 17, 2012, 11:29 pm
#7
FlyerTalk Evangelist
Join Date: Nov 2005
Location: Phoenix, AZ
Programs: AA Gold AAdvantage Elite, Rapids Reward
Posts: 38,318
Feb 18, 2012, 2:19 am
#8
Original Poster
Join Date: Apr 2011
Location: Sydney, Australia
Programs: Skypass, Qantas Frequent Flyer, Asiana, Krisflyer, Etihad Guest, Velocity Rewards
Posts: 320
Seems the fears were well grounded.
Sad for those stranded, and another blow for the industry here.
Feb 18, 2012, 8:55 am
#10
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,134
