Will Airlines Go Bankrupt Again?
A colleague introduced me to an interesting site called Airline Analysis by Robert G. Herbst, but I don’t know the author or the accurancy of his info and data. See: http://tinyurl.com/Airline-Stats
My Bottom Line:
Personally, I am especially concerned about United Airlines.
I recommend using your Frequent Flyer miles to fly ASAP. Alternatively, if you don’t need to fly soon, use your UA miles now to get a ticket with a partner airline such as Lufthansa.
Then call on us to design your journey!
Check out the article and site with the link above.
Mr. Herbst’s charts are very interesting. He states, “In my analysis of the airlines that filed bankruptcy and restructured, I calculated some average –benchmarks- that can be used to project the current financial weakness relative to the more recent airline bankruptcies.”
On a positive note, the author states, “My analysis shows none of the airlines are currently in a critical cash position (Cash includes unrestricted cash and short term investments).”
On a very positive note, please contact DavidTravel to design all of your travels.
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