CESEE: Airline Industry in Severe Crisis

TransportAirlines & Airports ♦ Published: December 21, 2012; 00:12 ♦ (Vindobona)

The airline industry in East and Southeast Europe faces enormous difficulties. Not only Polish LOT needs immediate help.

CESEE: Airline Industry in Severe Crisis / Picture: © Vindobona.org

The fierce competition in the airline industry has arrived Eastern Europe long time ago. In February, the Hungarian Malev had to stop its operations after more than 65 years. After Malev became bankrupt, the number of flights to Budapest fell by almost 40%.

Last week, the Polish airline LOT had to call for public aid. Poland´s Ministry of Finance resolved to grant an aid package…