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Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: Come Fly With Me

12/10/2010

Come Fly With Me

BBC World Service - Business Daily, Come Fly With Me

How can the global airline industry survive?

Nothing loses money so quicky as a big airline. The 'legacy' airlines are squeezed by high costs and ruthless competition from budget airlines. How can they survive?

How do airlines manage to lose such staggering amounts of money? The rise of 'budget' airlines and the repeated collapse in business travel has hammered the profits of the so called legacy airlines - the big flag-carriers that once dominated the industry.  But budget airlines are booming. Business Daily hears from Azman Osman-Rani, CEO of AirAsia X and Jonny Dymond speaks to Willie Walsh, the Chief Executive of British Airways about how the industry will adapt and survive.

And what's point of economists? As the discipline tears itself apart over the rights and wrongs of deficit reduction, business consultant Steve Fritzinger tells the programme why economists are more useful than paperweights.

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