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British Airways' CEO: "Low-cost era is over"

London, United Kingdom - According to Willie Walsh they will not survive to the oil's cost increase

Willie Walsh, British Airways' (BA) CEO, has intervened about the oil's cost increase and the prospect many airline would go bust because of the inability to face the current economic situation. According to Walsh, "Low-cost airlines' era is over because the oil's price is becoming too high and many of them will go bankrupt". "Industry doesn't have future is it doesn't make passengers pay additional...

AVIONEWS - World Aeronautical Press Agency - 1090080
Rome, Italy, 05/26/2008 15:24
AVIONEWS - World Aeronautical Press Agency

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