European airlines expecting losses for 2009

12/4/2008 | Air Transport World

In a mirror image of prospects in the U.S., European carriers are expected to earn modest profits this year, followed by deep losses in 2009, according to the Association of European Airlines. "For next year, we are straightforward pessimistic," says Secretary General Ulrich Schulte-Strathaus, noting that member airlines are expected to lose about $2.2 billion.

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