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Branson predicts "Spectacular" airline casualties in next months

London, United Kingdom - He said in an interview to the "Times"

There will be "Spectacular casualties" in the airline industry over the next 12 months, Virgin owner Sir Richard Branson was said. The airline industry has been battered by soaring fuel costs that are wiping out the profits of even the healthiest airlines, such as Ryanair and BA. Sir Richard told the "Times": "The financial state of the world is just about the worst I've ever known it. It's getting...

AVIONEWS - World Aeronautical Press Agency - 1092308
Rome, Italy, 07/14/2008 17:15
AVIONEWS - World Aeronautical Press Agency

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