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الاقتصادية - CNN
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Ayoob: Federal Reserve Likely Won't Raise Interest Rates in 2024

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America begins striking commemorative coins featuring Donald Trump's likeness

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China’s Restrictions on Rare Earth Elements Threaten $6.5 Trillion in Global Markets

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US dollar fluctuates near its lowest level in a month

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US dollar fluctuates near its lowest level in a month
الاقتصادية - CNN

المصدر: الاقتصادية

20 Hrs
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European Airlines Face Bankruptcy as War Winds Sweep Through Europe's Skies

European Airlines Face Bankruptcy as War Winds Sweep Through Europe's Skies

The European aviation sector is facing significant challenges due to escalating geopolitical tensions in the Middle East and rising fuel prices, threatening the collapse of some financially weaker airlines. Companies like "easyJet" are nearing acquisition deals led by American entities, while "Air Baltic" is seeking short-term financing to avoid bankruptcy. Meanwhile, "Norse Atlantic" is conducting strategic reviews. The increase in fuel prices, which now accounts for over a third of airlines' expenses, has further exposed the sector's vulnerabilities. It is expected that, by 2026, profits for both European and global airlines will decrease by nearly half. Additionally, there are early signs of deteriorating conditions for smaller companies, driven by declining liquidity and rising costs, potentially leading to more bankruptcies or acquisitions within the industry.

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