Airline executives speaking at a conference in New York today are expected to detail further capacity cuts necessitated by weakening demand for air travel. Despite the deep cuts already made and the collapse in oil prices, some analysts believe the airlines will have to further reduce their service in order to achieve profitability. "There's more capacity now with Open Skies at the same time you're having a severe downturn in potential demand," says Ray Neidl, an analyst at Calyon Securities. "But once we get through this financial crisis, and hopefully it will happen by next spring, people will start traveling."
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