More red ink looms for European airlines despite a robust upswing in traffic
European airline optimism about returning to profitability in 2004 is fading as quickly as the year. Two-digit traffic growth, strong load factors and decent yields are not enough to offset the punishing blows dealt by soaring fuel prices. The inability to achieve a sustainable return on investment is paving the way for an in-depth debate centered on reconsidering the airline industry's business model. "Market recovery has materialized, this is undisputable, traffic is improving but ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Losses Loom for European Airlines Despite Upswing In Traffic".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.