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Legendary Italian airline Alitalia operates its final flight

... to open long-haul routes to Tokyo, São Paulo and New York, but so far there are not enough resources to do so. COVID-19 pandemic is not the only reason for the bankruptcy and liquidation of Alitalia. Analysts point out that high-speed trains played a significant role in this, as they turned ... ... the country's domestic market. It is no coincidence that in 2021, there is an increase in the shares of the European low-cost airlines Ryanair and WizzAir. At the same time, the securities of such business monsters as Lufthansa or IAG show negative dynamics....

THAI AIRWAYS LAYS OFF EMPLOYEES TO AVOID BANKRUPTCY

... people will remain employed in the company. The company has been facing financial difficulties since 2012, but the COVID-19 pandemic has made the situation even worse. Thai Airways, like many air carriers around the world, has cut capacity. Travel restrictions ... ... the company's debt (about 78%) falls on bond payments. On May 19, 2020, the company was forced to apply to court and launch a bankruptcy protection proceedings similar to that provided for by the US law. Since the use of wide-body airliners has lost its relevance in the face of a reduction in tourist flow, and many aircraft were simply mothballed, the company ...

POLISH AIRLINES LOT MIGHT GO BANKRUPT

... company's subsidiaries (Eurolot, LOT Charters and Centralwings) as well. Experts say that one of the reasons for the possible bankruptcy of Polish airlines is the conflict between PLL LOT and the German air carrier Condor. The German company, which LOT was going to acquire in early 2020, was left without the promised investment. The outbreak of the pandemic confused all the plans and the head of the Polish company Sebastian Mikosz called such a deal meaningless at that moment....

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