Bloomberg Businessweek

Europe’s Big Airlines Struggle for Altitude

After years of mergers, full-service carriers remain inefficient | “It is our only chance to survive the competition we face”
Lufthansa pilots at a rally during a November strike

On the surface, the European airline industry doesn’t look much changed from 20 years ago: National flag carriers such as Air France, British Airways, Iberia, KLM, and Lufthansa dominate a handful of giant hub airports. Dig a bit deeper, and you’ll see that the market has shifted in a big way. Over the past decade or so, 10 legacy airlines across the region have combined into three huge groups, a consolidation that makes the market look a lot like the U.S.

But while restructuring at American Airlines, Delta

Вы читаете отрывок, зарегистрируйтесь, чтобы читать полное издание.

Другое от: Bloomberg Businessweek

Bloomberg Businessweek3 мин. чтения
Using ‘God’s Gold’ to Pay Pandemic Bills
Collectively, Indians own the biggest private stash of gold in the world, and religious adherents have long donated gold to temples, often to honor deities associated with individual temples. Over the centuries, that’s made the country’s 3 million re
Bloomberg Businessweek20 мин. чтения
Cruise Ship Zero
At about 6 a.m. on March 19, William Wright, a retired Australian mortgage broker, woke up feeling a little off. He had a cough and his nose was running, though it didn’t seem too bad. In any case, there was no time to linger in bed. Wright and his w
Bloomberg Businessweek6 мин. чтения
Around The World In Nine Stones
Forget diamonds, emeralds, and rubies. Today discerning collectors are looking for jewelry that forefronts rare, striking, and sometimes almost impossible-to-find stones. These spectacular gems are sought-after because they have fantastic optical eff