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Low fares worsen airline results for second straight month

USA

Deep cuts in U.S. airline fares aimed at jump-starting traffic are not working as planned, resulting in lackluster traffic and poor revenues for many of the major operators. If trends continue, the second quarter will be written off as another loss. Continental Airlines' May traffic report, a key indicator of industry trends, showed passenger traffic off 8.3% compared to May of last year. But more...

AVIONEWS - World Aeronautical Press Agency - 29441

AVIONEWS - World Aeronautical Press Agency
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