Switzerland’s national airline says it will slash flight services to debt-ridden Greece and Spain. (File photo)
Switzerland’s national airline says it plans to drop flights to Greece and Spain as the two debt-ridden countries grapple with worsening recession.
Rainer Hildebrand, a Swiss airline authority, said on Monday that current flight services to Athens and Madrid are “unsustainable” in regards with the economic crisis that is hitting both countries.
“We have to change and we will bring in new destinations ... to increase frequency into destinations where we think it makes more sense for our customers,” said Hildebrand.
According to an airline spokeswoman, Swiss decided to cut flights from Switzerland to the Greek capital by half, offering only one flight a day, from next year.
The company will also slash the number of flights to and from the Spanish capital from 14 to around 12 each week.
The long-drawn-out eurozone debt crisis, which began in Greece in late 2009 and reached Italy, Spain, and France in 2011, is viewed as a threat not only to Europe but also to many of the world’s other developed economies.
Spain, Greece, Italy, Cyprus and Portugal are all in recession and all five are receiving financial assistance from European bailout funds.
Spain and Greece hold the top two positions on unemployment in the European Union according to Eurostat, the EC Directorate-General, with 25.5 percent of Spaniards unable to find work.