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 ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.