EOS All Business Class Service to End Service - B-Class Only Airlines Seen to Suffer

Monday, April 28. 2008

EOS All Business Class Service to End Service - B-Class Only Airlines Seen to Suffer

This is a tough one, first MaxJet, now EOS. The remaining business class only airlines out there have a chance, but it looks grim. With the economic turn, fuel prices at an all-time high, and severe inherent competition from the majors, the business class only model really can only be sustained in a bull market. More here Reuters.

NEW YORK (Reuters) - Eos Airlines, which offers business class flights between New York and London, said it has filed for Chapter 11 bankruptcy protection, becoming the latest carrier to fail in the face of record fuel prices and a softening economy.

Eos said it would stop operations entirely on April 27, cutting most of its work force.

Eos joins a number of other carriers to shut down in recent weeks, including Aloha Airlines, Champion Air, ATA Airlines, Skybus Airlines.

Posted by Mobissimo in News, Airline Industry at 08:48 | Comments (0) | Trackbacks (0)

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