IAG powers ahead with good capacity management; while Skymark’s future in doubt

Skymark Airlines has already lost $260m in deposit payments to Airbus for the now cancelled A380 orders, Airbus could, if it wished, go after Skymark for a further $680m in reparation payments for the two A380s built and sitting on the apron in France. So the question turns to whether or not Airbus will take this option that could seriously damage Skymark. Shares in the airline have gone through the floor over recent days as it has become clear that Airbus has the mandate to destroy cashflow if it so chooses, and on top of that the airline reported a