CAPA Global Aviation Industry Outlook 2013 – Pursuing certainty in an uncertain world – Part 1

Uncertainty has become the new normal - and risk reduction takes on a high priority for many airlines as Europe's economy stutters and the US struggles for traction.

Over recent months, certain words frequently recur in airline reports to describe their outlook for the market: "challenging", "volatile", "uncertainty" are among the most popular. These are understandably in turn accompanied by corporate goals of enhancing the financial position and paying down debt, aligning capacity to demand, reducing costs and adopting more conservative fuel hedging positions, among others.

This is Part 1 of two parts: CAPA's Global Aviation Industry Outlook 2013, extracted from CAPA's Airline Leader, Issue 17, Apr/May 2013, to be released online shortly.