Full article on economist.com
The collapse of Malev, Hungary's flag carrier, in February 2012 could have triggered a crisis at Budapest Ferenc Liszt International airport (pictured). The capital's main gateway lost 40% of its revenue and, without Malev's feeder network to bring them passengers, its two extant long-haul operators—American Airlines and Hainan Airlines—withdrew their respective services to New York and Beijing. As its connections disintegrated, Budapest started to look like a bellwether for the decline of European aviation. Yet it seems Hungary may actually have done well to lose Malev and set off down a new, less vainglorious, path...
