Airlines will face weak demand

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Airlines will face weak demand from the European market in 2012 due to turmoil across the spreading debt-crisis that may pull the industry into losses, reported the International Air Transport Association. The industry income prospects are lowered from $4 billion to $3.5. The losses can amount $8 billion being the highest since 2008 crisis.

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