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                    [Title] => Crisis for world’s airlines seen to last till 2004
                    [Summary] => A crisis of overcapacity and financial losses will haunt the world’s airlines at least until 2004 by which time several more will likely have gone bust, an aviation economist said yesterday. 


The crisis was caused by the abrupt liberalization of the industry and the September 11 terror attacks aggravated the situation, said Rigas Doganis, chairman of the Brussels-based European Aviation Club. 


"Liberalization has made it more difficult to be profitable because of overcapacity," Doganis said in a speech to businessmen in the Philippine capital. 


                    [DatePublished] => 2002-08-15 00:00:00
                    [ColumnID] => 133272
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EUROPEAN AVIATION CLUB

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                    [Title] => Crisis for world’s airlines seen to last till 2004
                    [Summary] => A crisis of overcapacity and financial losses will haunt the world’s airlines at least until 2004 by which time several more will likely have gone bust, an aviation economist said yesterday. 


The crisis was caused by the abrupt liberalization of the industry and the September 11 terror attacks aggravated the situation, said Rigas Doganis, chairman of the Brussels-based European Aviation Club. 


"Liberalization has made it more difficult to be profitable because of overcapacity," Doganis said in a speech to businessmen in the Philippine capital. 


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abtest

Crisis for world’s airlines seen to last till 2004

August 15, 2002 - 12:00am

A crisis of overcapacity and financial losses will haunt the world’s airlines at least until 2004 by which time several more will likely have gone bust, an aviation economist said yesterday. The crisis was...

Business