Airlines industry have always not been doing so well for its soaring costs and now troubled even by European debt crisis. As an industry itself, not many airlines survived but ones that going for the lower-end markets. The Europe's crisis and the continous failure of politicians to come to a solution, the Airline sector says it will face over $8 billion in losses next year.
European Airlines will likely be outperformed by Asian carriers which are seen to have rising demands if the crisis drags on.
http://news.yahoo.com/airlines-brace-heavy-europe-crisis-impact-145356631.html-Xiao Wei Thian
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