Which European airlines are in financial trouble?

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Was Turkish affected by the reduction in inbound tourism due to travellers perceiving the destination as politically unstable or dangerous?
 
I was in Istanbul recently and thought it was more of a transit port rather than a destination. speaking to some PAX i think sometimes they act as a holiday airline.

Brilliant graph, but a scary one.....
 
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Turkey is not a European country.

Aaah, but if you wish to be pedantic, the article talks about "European airlines”. Turkish has its major hub and headquarters west of the Bosporus, would it not be considered a “European Airline”? Although Pegasus with its hub at SAW (also mentioned in article) perhaps is not.
 
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Iberia and it's low cost subsidies ok ?

EDIT: Iberia is owned by IAG, which is ok.
 
Finnairs' position in the chart both surprised and concerned me. It is 56% state owned, showed a €55m Profit last year (€23m the year before) and its share price is at a 5 year high. I wonder what he Bernstein Analysts know that the rest of the market doesn't?
 
Finnairs' position in the chart both surprised and concerned me. It is 56% state owned, showed a €55m Profit last year (€23m the year before) and its share price is at a 5 year high. I wonder what he Bernstein Analysts know that the rest of the market doesn't?

Profit on what revenue and level of debt. It could be one of those airlines that a 1% drop in sales could tip them over.
 
Speaking of Finnair, they appear to have grand plans. CAPA premium (subscriber) article:-

Finnair: "the largest expansion in its history" this winter, led by Asia growth & new LatAm routes - CAPA

This winter, Finnair will increase its seat capacity by 13% in what the airline has called "the largest expansion in its history". The launch of new routes to Goa, Havana and Puerto Vallarta and increased capacity on existing Asian routes will drive its intercontinental capacity up by 19% compared with winter 2016/2017.

With a long haul connecting strategy over its Helsinki hub, Finnair is also expanding its European network, where seat capacity will grow by 13% this winter. This includes a 20% increase in capacity to Lapland in the north of Finland. As of mid-December, Finnair will start flying new nonstop flights to Lapland airports from London Gatwick, Paris and Zurich.

Finnair’s network, which is evenly balanced through the year, will encompass 20 long haul destinations and 72 destinations in Europe and the Middle East, according to OAG. This report focuses on Finnair's long haul network, where it is the biggest airline by seats on every route.
 
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