Neoshoegal
would rather be in Walt Disney World
- Joined
- May 19, 2005
- Messages
- 1,143
What, like Woolworths?Unfortunately, you never know what's going to happen in the future. Having read the article for RRR, I watched the news video on there, and it said Six Flags has filed for Bankruptcy, so you never know!
But you should check your insurance. Some companies offer coverage for if an airline goes bust, so if you have that, then that's about as safe as you can get. Besides, if they can just get through the recession, things will be good again.
It is different from Woolworths in that BA is global brand. Before I moved to the UK, I knew BA, I had seen their adverts, I could fly with them, ... But I hadn't even heard about Woolworths until after I moved here. 2 very different types of companies. If a company like BA goes under, it has worldwide implications, so the government would probably take more of a stake in trying to rescue them.
Last time I renewed my annual travel insurance, I made sure I was covered for airlines going bust. (about 2 years ago we flew with Maxjet, a month after we returned they went under, coulndn't cope with fuel prices, we were so disappointed as we really enjoyed flying with them)