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IN BUSINESS
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Thursdays 20:30-21:00
Rpt: Sundays 21:30-22:00
Peter Day examines trends and developments in industry and the world of work.

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In Business,
1210 ±«Óãtv White City,
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LISTEN AGAIN
Listen to In Business for 26 September 2002
PRESENTER
PETER DAY
Peter Day
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26 September 2002
Aeroplanes over Heathrow airport.
Come fly with me?

Fly Move

What is happening to the airline business? Certainly the last year has seen the main carriers in deep trouble: after September 11th many US airlines were only saved from bankruptcy by being bailed out with massive amounts of cash from the US government.

British Airways too has seen its share price decline so sharply that this month it dropped out of the FTSE 100 index of Britain's largest companies. Yet, at the same time as all this red ink has been splashing about on the balance sheets of the traditional airlines their low cost rivals have been expanding at a dramatic rate. Ryanair, easyJet, Buzz and the others have transformed the way we travel.

Are the low-cost no-frills carriers revolutionising the market - or are they merely in favour when business fliers are counting their pennies? Peter Day investigates.

Interviewees:
Gary Kelly, finance director of SouthWest airlines.
Tracy Martin - manager of charitable contributions at SouthWest airlines
Simon Calder - author No Frills and travel editor of The Independent.
Sir Richard Branson
Ray Webster - chief executive EasyJet
Martin George - director of marketing at British Airways
Tim Jeans - managing director My Travel Lite
De Anne Julius - eminent economist - formerly on Bank Of England Monetary Policy Committee and before that chief economist at British Airways

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