The specter of bankruptcy haunts European airlines

The specter of bankruptcy hangs over the weaker airlines of European countries during the coming winter, due to the transfer of support that was allocated to them during the epidemic crisis to other sectors due to high inflation rates.

Smaller airlines in Central and Eastern Europe will suffer, according to analysts at Sanford C. Bernstein, while Europe’s six largest airlines face “slight risk” as they have good credit ratings.

The companies most at risk include one from Cyprus and two from Albania, as well as companies in Belarus, Bulgaria, the Czech Republic, Georgia, Moldova and Romania.