US FAA yesterday projected "a sharp decline in [commercial aviation] activity in the near term with a return to growth over the long term," though it cautioned that "the downside risk has increased" and growth will be slower than previously anticipated. In its annual Aerospace Forecast released yesterday, the agency projected that combined US mainline and regional carrier capacity will decrease 6.7% in 2009, with mainline ASMs shrinking 9.5%, "signaling the largest reduction in domestic ...

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