Europe is still digesting the latest round of market consolidation and is bracing for a possible downturn as growth shows signs of slowing.  While there is still potential for market recovery and IATA forecasts European carriers will turn in a combined net profit of $8.1 billion for 2019, Bernstein Research analyst Daniel Roeska said the indicators are “flashing red.”  He warned European airlines could be “hurtling towards the end of the cycle” as they ...

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