22-Sep-2009 3:00 PM
Traffic stabilising, but red ink gushing from European carriers
Analysis
Traffic levels for Europe's full service carriers have stabilised over the past few weeks, but IATA's latest financial forecast for the region is dire. In its Sep-2009 forecast, the industry trade body has more than doubled the scale of its expected losses for European carriers from USD1.8 billion to USD3.8 billion.
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