It’s Just as Bad in Europe
Sep 29th, 2004 | By Jared BlankA NY Times article explores the sorry state of the European airline community. While not quite as bad as the US, European airlines are struggling financially for two reasons: higher fuel costs and extraordinary fare sales. European airlines are better hedged against higher fuel prices than US airlines, but competition (including $2 tickets and a brutal fight between EasyJet and Ryanair) has done major damage.