Airlines will carry on flying for no money
6 May 2016 10:43:21
ft.com
Europe's airlines are cutting costs and pledging to pare back the expansion of routes and flights across the continent as the boost to their profits from low oil prices fades. Lufthansa this week followed International Airlines Group, which owns British Airways and Iberia, in promising to curb capacity.
Should we believe that they "” and the US airlines that have been making the highest profits in the world "” can change their ways and ensure that the industry behaves in a more disciplined fashion than before? Put it this way: history is not on their side.
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