Low fuel prices mask grim year for European carriers

1999-06-16T00:00:00

Europe's carriers made a consolidated profit of around $2 billion in 1998, the Association of European Airlines (AEA) has estimated, although it says that around half that sum "was a windfall from historically low fuel prices". The AEA's 27 members saw a 7.5% increase in passenger kilometres, but seat kilometre ...

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