CEO of British Airways predicts thirty carriers will fold |
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Written by Hugh McManus | |||
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September 12, 2008: Willie Walsh, the CEO of British Airways, has predicted that up to thirty airlines could fold within the next four months. Walsh made his comments following the collapse of XL Leisure Group, the third largest tour operator in the United Kingdom. The collapse of XL stranded thousands of British tourists overseas. Willie Walsh claimed that there were a lot of weak carriers that couldn't survive in today's economic climate.
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