Airlines experienced their toughest month of the financial crisis yet in February, according to IATA, with passenger traffic dropping 10.1% year-over-year (a sharp fall from the 5.6% decline in January) and cargo demand down 22.1%, the third consecutive month that freight traffic plunged at least 22%. "Gloom continues," DG and CEO Giovanni Bisignani said. "The priority for airlines around the world is survival--conserving cash and adjusting capacity to match demand. This means resizing and ...

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