Europe’s network airlines are desperately looking for ways to make their short- and medium-haul operations profitable against competition from low-cost carriers and high-speed trains that bite into their markets and erode yields. High fuel prices and weak demand in an uncertain economic environment heighten the need for urgent action. Lufthansa (LH) chairman and CEO Christoph Franz was candid about the situation when he spoke at the European Aviation Club in Brussels in March: ...

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