Assn. of European Airlines warned that Europe’s network carriers are facing not a “crisis” but “a paradigm shift with far-reaching and irrevocable consequences” as it forecast that its member airlines will post a combined full-year 2009 operating loss of €2.9 billion ($4.3 billion).
Similar Posts:
- European carriers urge EU action to stem 2012 losses
- IATA maintains $11 billion loss forecast despite profitable third quarter
- AEA member airlines expect to post a €1.5 billion profit for 2011
- Current crisis ‘worse than 9/11′ as IATA boosts loss forecast to $11 billion
- European Financial Crisis Set To Drag Down Airline Profits
