European Airlines Scrambling To Cut Costs

By Jens Flottau, Robert Wall .
Frankfurt, London .

Three years of belt-tightening to ride out a global economic downturn should have put European airlines in a strong position to ride a recovery wave.

There is just one problem—there is no wave. Rather, carriers face a fresh storm of problems in the guise of sustained economic weakness in Europe; crisis situations in North Africa, the Middle East and Japan; and fuel back on ...

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