European airlines seeing some sunlight at the end of the tunnel - or an oncoming train?

After weeks of record poor traffic, Europe’s full service airlines may have received a glimmer of hope, although thoughts of a quick economic recovery are fading. After more than a month and a half of traffic declines of greater than 7%, traffic for the week ended 21-Jun-2009 (Week 25) witnessed a small but definite uptick. However, Europe’s carriers are far from optimistic about the future, and a single week’s data is not enough to determine if the demand environment really is improving.

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