The airline industry has weathered a stormy year, marked by the swiftest and broadest economic collapse since at least the early 1970s, a spate of high-profile accidents, soaring jet fuel prices and historic losses by both LCC and legacy airlines.
A BAD TIME WAS HAD BY ALL. THAT about sums up the past year for the airline industry. It was a period during which pride and confidence in a steadily improving safety record were shaken by a spate of high-profile accidents and incidents around the globe; airlines experienced their own credit default swap moment by investing heavily in fuel hedges, the perils of which few of them truly understood; governments in Europe and the US moved forward with plans to impose massive new costs in the ...
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