European hubs are the weakest structurally in the world because airlines in the region face the most low-cost carrier competition and greater pressure in some of their long-haul markets due to the Persian Gulf carriers. Nonetheless, the big European airlines believe they have found ways to stabilize. Structural problems at these hubs are not only the result of competition. “Short-haul-to-short-haul hubs are pretty disastrous,” says John Strickland of London-based JLS Consulting. A ...

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