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Saturday, November 21, 2009 11:31 PM

Published 10/29/2009 by CNBC


Price pressures ground airline sector recovery hopes

FRANKFURT (Reuters) - Germany's Lufthansa

and the airline industry's representative body provided a gloomy outlook for the sector as carriers around the world struggled to make a profit amid a fierce battle for business.

'Initial signs of a stabilization in volumes are far away...

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What others report on the same story

Lufthansa gives gloomy outlook
Deutsche Lufthansa provided a gloomy outlook for the airline industry on Thursday, saying the market environment remained very difficult. 'Initial signs of a stabilisation ... - [10/29/2009 - Indian Express]
UPDATE 2-Lufthansa sees more gloom ahead for av...
FRANKFURT, Oct 29 (Reuters) - Deutsche Lufthansa (LHAG.DE: Quote, Profile, Research) provided a gloomy outlook for the airline industry on Thursday, saying any green ... - [10/29/2009 - Reuters India]

Quotes

"Initial signs of a stabilization in volumes are far away from making up for the enormous and unrelenting pressure stemming from the massive fall in price levels" the German flagship...
Price pressures ground airline sector recovery hopes [CNBC - 10/29/2009]
"The worst may be over in terms of the fall in demand, but yields continue to be a disaster and costs are rising" IATA said
Price pressures ground airline sector recovery hopes [CNBC - 10/29/2009]
"What we have seen so far does not indicate at all that the tough times for the airline industry will be over soon. The environment will remain challenging for some time and we still do not expect significant positive newsflow in the short term" said MM Warburg analyst...
Price pressures ground airline sector recovery hopes [CNBC - 10/29/2009]

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