Thursday, June 11, 2009

Spanish airline hurts

No its not Iberia. Air Nostrum plans to lay off up to 507 employees (23%) of its workforce because of the downturn in the industry. But there is an Iberia connection - Air Nostrum has 67 planes and operates most of Iberia's domestic flights. Ooops.

So perhaps the cutthroat market in Spain has not yet seen its nadir yet. This will make the bosses at Iberia squirm as they put on their brave face for the British. Of course cosying up to Air France and Lufthansa will now look less pleasant too. As the saying goes, don't take pleasure at the downfall of anyone else.

In other news --

  • A330 information starts to seep out - those pesky sensors
  • Jetstar event triggers angry words
  • The contagion grows
  • airBaltic surprises

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