Farnborough Airshow preview. Aircraft orders, the morning after. Whose feet are burning now?
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As Farnborough looms again, three major issues confront airlines: rising costs, falling demand and – here it comes: rising capacity. Costs – at least for fuel – are largely uncontrollable. Demand is also outside the reach of airlines, except to the extent that they can discount to stimulate new business, a challenge when costs are rocketing. But new aircraft are self-inflicted.
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