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18 September 2021 The on-line newspaper devoted to the world of transports 00:40 GMT+2

July 13, 2001

Worldwide slowdown taking toll on airlines as passengers turn away

Joseph Lo

Leading Asian airlines are flying with more empty seats as a result of the slowing global economy, which has also slowed the demand for air freight.

Analysts said the present slowdown may turn out to be much worse than the industry's last downturn in the wake of the Asian economic crisis, when Cathay Pacific Airways, now embroiled in an dispute ......
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