Subcontinent flag carriers in trouble

Despite the recent drop in the price of oil, the Indian Subcontinent’s flag carriers are in serious trouble. Shackled with low productivity levels and ageing fleets from years of neglect by their government shareholders, high fuel prices magnified the problems at Air India, Pakistan International Airlines (PIA), Biman Bangladesh Airlines and SriLankan Airlines. The four airlines reported combined losses of approximately USD715 million in the 12 months ended 31-Mar-08. [805 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• Flag carriers in battle for relevance
• Outlook: Fuel drop should avoid bout of protectionism

This report contains the following charts and tables:

• Indian Subcontinent flag carrier losses: 12 months ended 31-Mar-08