Tuesday, January 6, 2015
Challenges facing European carriers.
Overall, European airlines made some progress towards profitability in 2014, but in many cases the process of restructuring remains problematic. The International Air Transport Association (IATA) outlook sees European airlines achieving a collective profit of around 2.7 billion dollars for 2014, rising to 4.0 billion dollars this year. This contrasts badly with the US experience, where a largely restructured industry -- centring on three major carriers and operating in a more buoyant economy -- is set to do much better.