The airline operates a pure Airbus fleet comprised of the A319, A320, A321, and A330. With a hub in Istanbul and a focus city in Antalya, the airline operates numerous routes throughout Europe and Asia.
If this really means the airline is financially struggling and potentially on the verge of collapse… well, good luck.
sad … it’s a good airline with a good service … unfortunately it was discontinued but not bankrupt … but if a company has financial problems it will be very good or they will go bankrupt … hopefully make it back to the top line🙁
There’s many possible reasons. I can’t seem to find AtlasGlobal’s latest financial results so can’t determine the actual reason.
But there’s a wide variety of reasons: bad usage of fleet, bad network, not making enough money from selling tickets, etc.
Restructuring likely means they’re aiming to fix things like the network and on-board “experience”. That could mean cost-cutting to simple things like amenities.
AtlasGlobal is in a crisis because IF didn’t apply them into the game. Also OnurAir, Pegasus, Anadolujet, Sunexpress and even Turkish Airlines (because of THY B738) are under the danger.
It’s odd theres no actual explanation of what they are changing to make “your flight more unique” or if they are just struggling financially. I’ve actually never heard of them but am interested to hear what they are doing in this long time period of suspending flights.
Apparently stopped due to finicial issues. Really random to this airline suspend its flights. Smartly they should move the aircraft to airports with lower parking fees so out of Antalya and any Istanbul airport
Especially here in Europe we have a high overcapacity of seats, which has lead to a price battle. As the prices are low (and getting lower) the margins have decreased and cost-cutting is extremely important. If you can’t keep up with the low prices and cost reductions they will have to exit the market.
I believe the LH Group CEO said that he expects just 5 airline groups to remain in Europe once the market consolidation is completed.
