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AEA: '2012 will not be an easy ride for European airlines'

9-Dec-2011 10:41 AM

Association of European Airlines (AEA) forecasts Europe's leading carriers to generate EBIT of EUR1.5 billion (USD2 billion) in 2011. However, Europe's economic turmoil is threatening to push the sector into a loss in 2012. "Most of our members have posted good results over the first nine months of 2011. Passenger numbers are up 8% and the outlook for the full year is positive," stated secretary general, Ulrich Schulte-Strathaus. “However, freight figures have been faltering since mid-year and third-quarter yields are beginning to weaken. The fourth quarter will mark the start of a tough ride ahead.” Mr Schulte-Strathaus predicts 2012 "will not be an easy ride for European airlines". [more - original PR] [more - CAPA Analysis]