While perhaps the most global of industries, aviation has failed to create a truly global airline. But with rising fuel costs, falling prices and natural disasters all taking a toll, the crunch for legacy carriers across the globe is fast approaching. Here Breaking Travel News looks at the various strategies open to airlines as they seek to survive.
European and North American airlines are falling behind due to unions, poorly-located hubs and outdated infrastructure, according to James Hogan, the chief executive of Etihad Airways. He made the remarks in response to British Airways, Chief Executive, Willie Walsh who said European export credit agencies are unfairly subsiding the growth of Middle Eastern carriers.