Mexican commercial airlines could lose up to USD1.2 billion in 2008

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Mexcio, like India and the US, is another flash point aviation market. Mexico’s Director General of Civil Aeronautics (DGCA), Gilberto Lopez Meyer, stated Mexican commercial airlines, feeling the pressure from escalating oil prices and intense competition in the domestic market, could lose up to USD1.2 billion in 2008. The prediction was based on oil averaging around USD130 per barrel.

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