German newspaper clipping from 1981 about budget airlines with headline 'Mit Billig-Flügen in die roten Zahlen'
A German newspaper article from 1981 discussing the financial struggles of budget airlines, including references to charter flight operations and dumping prices. The article mentions Sir Freddie Laker as a 'Preisbrecher' (price-breaker) and discusses how low-cost carriers like PAN AM and TWA were facing losses despite introducing budget tourism globally.
newspaper clipping German press 1981 Sir Freddie Laker budget airlines charter flights aviation industry financial losses PAN AM TWA Condor Lufthansa
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