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Current challenges in a ‘Distressed’ industry

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  • Morrell, Peter

Abstract

This paper examines the current airline industry downturn and shows that the most recent available financial and operating estimates for the industry in 2009 look optimistic. Airline share prices have been worse affected than other sectors and air cargo has turned down sharply. While the financial position for the larger European airlines starts in a stronger position that pre-September 11th 2001, aircraft orders outstanding are higher and the economic fundamentals much worse.

Suggested Citation

  • Morrell, Peter, 2011. "Current challenges in a ‘Distressed’ industry," Journal of Air Transport Management, Elsevier, vol. 17(1), pages 14-18.
    • Handle: RePEc:eee:jaitra:v:17:y:2011:i:1:p:14-18
    DOI: 10.1016/j.jairtraman.2010.10.004
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    Cited by:

    1. Dobruszkes, Frédéric & Van Hamme, Gilles, 2011. "The impact of the current economic crisis on the geography of air traffic volumes: an empirical analysis," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1387-1398.
    2. Lim, Siew Hoon & Hong, Yongtao, 2014. "Fuel hedging and airline operating costs," Journal of Air Transport Management, Elsevier, vol. 36(C), pages 33-40.

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