One by one, foreign airlines are ceasing their direct flights to Greece and vice versa, realizing these itineraries are unprofitable.
Athens has, during the past two years, lost many of its tourists. International media shows a country with financial problems and possible riots at any time and many visitors are changing their plans and travel to other places, mostly neighboring, such as Turkey and Italy.
Athens appears as a capital where demonstrators destroy the city; this unacceptable reaction of the demonstrators takes place only around the Parliament. As a result, the once top European destination with the once flourishing culture has now been transformed into a “must-not” holiday destination.
The country’s high petrol prices and Greece’s small market are also a negative aspect. Globally, however, airlines report a fall in their flight and income.
Tony Tyler, Director General and CEO of the International Air Transport Association (IATA), announced that by the end of 2012, the airlines’ income will be $3 billion, far less than that of 2011, amounting to $7.9 billion. According to Tyler, an additional reason to this significant drop is the excessive taxation imposed by the states.
Singapore Airlines company announced two days ago that it ceased routes to Greece. The same happened with American-based Delta Airlines less than a month ago, a company which used to operate services from New York to Athens.
The European airlines sector reported similar losses by $2.5 billion in 2010. The value of the airline market decreased by 10% for domestic flights and by 90% for the international.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!