BBCNEWS Business Briefing July 13, 2024
Turbulence in the Airline Industry has seen a spate of bankruptcies. Carriers face headwinds from increased competition, particularly among budget carriers, to rising fuel prices at a time when the Global Economy is slowing. Later today we find out how budget carrier easyjet, which posts results, is faring. 17 airlines have gone bust worldwide this year, with bankruptcies increasing at the fastest ever rate. Among the most high profile to collapse, indias jet airways, British Travel group thomas cook, and brazils avianca. Many airlines have also been hit by the grounding of the entire boeing 7...