Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-07-Speech-3-251"
Predicate | Value (sorted: default) |
---|---|
rdf:type | |
dcterms:Date | |
dcterms:Is Part Of | |
dcterms:Language | |
lpv:document identification number |
"en.20091007.23.3-251"2
|
lpv:hasSubsequent | |
lpv:speaker | |
lpv:spokenAs | |
lpv:translated text |
"During the current global economic crisis, with fluctuating fuel prices and a tougher competitive environment, airline operators, particularly low-cost airlines, are going through very difficult times. Increasing ticket prices is not an option in the current situation, while the increase in service charges being applied by some low-cost companies may result in an even sharper drop in the number of passengers.
The financial losses sustained by airlines in 2009 will amount to approximately USD 11 billion, a situation which is set to recover only in the next three years. Against this background, the situation has arisen, which no one wants to see, where airlines are going bankrupt. In the event of bankruptcy due to lack of adequate legislation, there is no practical means of recovering the equivalent value of the tickets or getting passengers left stranded abroad flown home. The support offered by European airlines at a cost, although a modest one, to passengers with a company which has gone bankrupt, as highlighted in the case of SkyEurope, is laudable in itself, but only provides a temporary solution to get through a particular crisis. On the other hand, we cannot always consider the economic crisis itself as an excuse for this predicament, as airlines went bankrupt even before this crisis was unleashed.
Tighter controls on the airline carriers’ financial situation, especially in the case of low-cost companies, a tighter control on mergers and takeovers, as well as setting up a sizeable guarantee fund, are a few of the solutions which could, in the long term, offer passengers protection in the event of airline bankruptcy."@en1
|
lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples