Given the state of fuel prices, Brexit and overall macroeconomic uncertainty, European airlines are navigating a perfect storm of negative factors. Many are resorting to capacity cuts to protect profitability, but in the longer term their moves toward more efficient fleets will help them better endure a tough operating environment.  Air France announced on May 13 it planned to reduce its short-haul capacity in terms of available seat kilometers 15% by the end of 2021 in the face of ...

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