European Regions Airline Assn., which represents 66 European carriers operating intra-Europe flights, recorded a collective drop in passenger traffic of 7.2% for the first six months of 2009. ERA said demand improved slightly in the second quarter, but costs rose and yields were weak. "There may be signs of a slow recovery in some states, but overall traffic levels are still extremely depressed, while yields continue to reduce," DG Mike Ambrose said at the organization's AGM in Interlaken. ...

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