February 24, 2021| 110 0

Czech Airlines Intends To Lay Off All 430 Members Of Staff

Czech Airlines (ČSA), one of the world’s oldest airlines, looks to be on the verge of bankruptcy. The Prague-based airline has notified the Czech Republic’s Employment Office that it will lay off its entire workforce of some 430 people. The airline has no means of meeting its financial obligations and its debt moratorium is ending in just a few day …

January 16, 2021| 79 0

Smartwings Saw A 90% Drop In Revenue During 2020

The Czech Republic has been hit hard by the ongoing travel restrictions, and its airlines are suffering. Smartwings Group, the owner of Smartwings and Czech Airlines brands, suffered an 81.5% drop in passenger numbers and a 90% fall in revenue in 2020 when compared to 2019 figures. Nevertheless, it remains the largest airline at Václav Havel Airpor …

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