Greece says no – fallout for airlines?

As one would expect traders were greeted with a sea of red this morning after 61% of Greeks voted ‘No’ in a referendum asking them to accept an international creditor proposal that would have included more austerity reforms. So as the EU waits for a proposal from Greece it is clear that Greek banks will start to run dry this week – Then what? It is clear that Greece’s crisis in the last few years has actually translated into increased traffic for the likes of Qatar and Emirates from Athens to their hubs for onward connections. Emirates offers daily flights