Airline industry hit by twin forces of rising fuel prices and record demand slump
While the steep decline in global travel demand may finally be leveling out, the airline industryâ€™s future looks cloudier than ever. Hopes for a steady recovery are being dashed by the prospect of prolonged yield weakness and the new threat of rising oil prices. And even as airlines are scrambling to defer aircraft ordersâ€”particularly in Asia, where the pain is greatestâ€”many still worry that surplus capacity could stifle long-term growth. Last year, airlines had some breathing space ...
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