Zoom In Administration...

[airbee]

:-(
Its tough out there right now...
Link http://www.flyzoom.com
I always thought airlines were entitled to apply a fuel surcharge if circumstances required? ...
Anyway sad news.

[Garry Russell]

Sad but more will follow

They could surcharge Airbee but I think they mean they just can't get $50M back from prepaid

Hope many of the jobs can be saved

Garry

[cstorey]

This is the third transatlantic operator to go down this summer , and I am very much afraid that all the low cost operators in Europe are vulnerable once the oil price hedges run out . Further, some have only been kept afloat by creative accounting practices . I shall not spell them out here as the one which is particularly dubious would identify the airline to those who know of the practice. It has always baffled me how one can apparently make money out of low, or in some cases , no revenue sticker prices in a business where the fixed costs are so high as they are in aviation, and where , as now, the variable costs suddenly become very volatile