Austrian Airlines Group issued a new forecast last week "based on the already observed as well as expected declines in bookings," and now is expecting a 2008 net loss before special items of €100-€125million ($134.5-$168.1 million). It predicted a €70-€90 million loss in July (ATWOnline, July 30). It said that "noticeable consequences for the aviation industry due to the general financial and economic crisis are also expected for the coming months" and that lower fuel ...

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