Zoom Airlines Goes Bust
I saw this story on the CBC this evening and no doubt it will be all over the press in the morning. As usual passengers were given no warning as creditors slapped court orders onto planes.
I travelled by Zoom for the first – and only – time this year, when I went to London and back from Paris. They were very cheap compared to Air Canada and generally similar in terms of service quality, although the planes seemed a bit shabby and the interiors worn. I did wonder about their viability – I have been writing here for some time about the effect of rising fuel costs on airtlines – so I loaded up on flight insurance before we left. As usual the tv news managed to find some tearful people who were trying hard to make other arrangements, and finding the price of last minute ticket purchases to get home very expensive. It is not as if this was an unfamilar story – any more than the Gulf Coast being the target of hurricanes, but as usual many are unprepared.
There will be other similar stories in the coming months. More airlines will go to the wall. Demand for air travel has also started to decline, as the economy begins to adjust to the new reality. But I wonder how long it will take for the boosters – the people who back Gateway and airport expansions – to wake up?