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Aviation facing strong headwinds, reshapes industry

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Falling demand, collapsing yields, low consumer confidence and fears of a pandemic have thrust the aviation industry into survival mode. Airlines are expected to post losses of US$9 billion this year, with an unprecedented drop in revenue of 15 per cent, that will see industry revenues shrink by US$80 billion to US$448 billion.

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en

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text/html

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http://knowledge.insead.edu/AviationIndustry090623.cfm

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Copyright INSEAD. All rights reserved