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With Zoom Down Who Will Be Next?

As news filters through that Zoom airline is now dead and buried, leaving thousands of passengers out of pocket and many stranded, the guessing game goes on as to who will be next to feel the heat. While Zoom join a list which includes MaxJet, Eos and Silverjet many believe that this is just the start of the action and many more will fold as the price of oils continues to remain relatively high.

Alitalia has filed for bankruptcy protection and is looking for substantial assistance from the Italian government in order to restructure the business - whether this will materialise is very much open to debate. While some are now pointing the finger at Easyjet and Ryanair it has to be said that these two groups have very strong balance sheets and there appears very little immediate danger. However, after a decade of low cost flying we can all expect to be charged more for flying and the emergence of a number of added extras which have until now been covered by the airlines.

Zoom is not the end of the next phase of consolidation in the sector it is just the start and the list of casualties will grow over the next couple of years - even after the economy picks up.

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