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Another Low-Cost Carrier Fails
LTE was not a newcomer to the LCC game. It has been operating for 20 years and, though its executives claim that they are trying to find a solution to their financial woes, the current state of the industry isn't going to lend itself to any quick recoveries. Thomas Cooke Airlines, a charter service based in Manchester, is among the players stepping in to service LTE's passengers and the tour operators that relied on the now defunct airline in the past. With European LCCs coming and going (mostly going, these days), one can almost hear Elton John crooning "The Circle of Life." when all is said and done, the biggest beast, Ryanair and EasyJet, might be the only survivors.