Troubles at Alitalia, Air Berlin a warning to European airlines
Battle to cut costs could see continent's carriers become three-party oligopoly, much like in the US, where four big players dominate, say observers
Mon, Aug 28, 2017 - 5:50 AM
An Air Berlin passenger aircraft landing at Tegel airport in Berlin, Germany. Air Berlin and Alitalia had both been operating at losses for years.
A DOGFIGHT over the assets of troubled Alitalia and Air Berlin heralds a new shake-up in the European airline industry - but unless other carriers cut costs they may meet a similar fate themselves, analysts warn.
Facing insolvency after key investor Etihad threw in the towel...