16-Jun-2009 4:45 PM
European airlines' May traffic declines, but June looks like it will be just as bad
Analysis
May-2009 saw some of the deepest and most consistent falls in demand for Europe's full service carriers for the year to date, a sign that any "green shoots" of economic recovery are yet to find fertile soil. Hopes of 'V' or 'U' shaped recovery trends are now rapidly evaporating, as diminishing fares fail to stimulate demand and take an unsustainable bite into airline revenue.
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