Air Berlin - DIY Currency - Chipping Athletes
Benefiting from low fuel costs, strong demand and the collapse of Air Berlin, the German flag carrier has reported record profits for 2017. But the air is getting thinner at the top of the European aviation business.
Airlines are going out of business but the current consolidation in European aviation is "long overdue" say experts. More change is coming, but, overall, things look good for consumers as competition stays fierce.
International Airlines Group, which operates British Airways and Iberia, is the only remaining bidder for insolvent budget carrier Niki, German media have reported, with a contract likely to be signed within days.
As bankrupt Air Berlin stares at an uncertain future facing the prospect of being broken up, low-cost airline Ryanair says it doesn't have any intention of making an offer to buy the beleaguered carrier.
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