Already for 8 years the Czech Airlines are on the verge of bankruptcy. Its incomes from the flight tickets are annually 2 bn less than the actual flying costs. Last year introduction of new strategic investor Korean Air proved to be insufficient as all the plans were based at least on levelled or slightly profitable budget. Czech Airlines were additionally struck by the lesser volume of Russian passengers caused by the present Ukraine crisis. As a reaction to the grave situation and the strike alert caused by the plan to reduce the number of employees by one third Minister of Finance ordered the ČSA management to communicate more with the airline employees and unions who don’t like the attitude of Korean Air. Present chairman of the Board of Czech Aeroholding Václav Řehoř is blaming past management for the present situation of Czech Airlines when they have only 17 airplanes and have the ambition to be regional transport company only with the annual loss 922 million CZK last year.
5th March 2019