Alliances between major and low-fare carriers, growth of regionals could spice up the marketplace worldwide
The commercial transport market is seeing a new form of competitive environment, as airlines restructure and overhaul their operations, and airframers adjust business models to meet their customers' evolving requirements. The experience of the past couple of years has underscored the fact that air traffic growth and airline profitability do not necessarily go hand-in-hand. Air traffic has rebounded strongly since the industry downturn of 2001. Indeed, in both 2004 and 2005, revenue ...
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