Europe’s network carriers are forecasting a €1.5 billion ($1.8 billion) EBIT loss in 2012, as the bottom line fails to keep pace with traffic growth. Assn. of European Airlines (AEA) acting secretary general Athar Husain Khan said, “2012 was foreseen with a gloomy, uncertain economic outlook and our forecasts are proving to be accurate.” AEA said the European market “is clearly not able to absorb higher fares” and that its members have had ...

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