The Assn. of European Airlines reported that its 30 member carriers will post an operating profit of $800 million for 2005 based on preliminary figures, double a 2004 total that was the group's first combined profit in six years, in spite of last year's record nominal fuel prices. Yet AEA Secretary General Ulrich Schulte-Strathaus stressed that the result is unsatisfactory. "We cannot escape the fact that these are very small margins, scarcely more than 1% of turnover," he warned. "In ...

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