The magnitude of the global economic crisis-induced crash in the air cargo market is, by now abundantly clear to all. A 20 per cent free fall in volumes with only a five to eight per cent cut in industry capacity has seen precious yields drop by 20 per cent in the first half of 2009. The resultant impact vaporised nearly 40 per cent ofthe industry’s total revenue stream. “When you are planning networks and capacity growth in 2008/09 and suddenly you are back at 2003 levels, … [Read more...] about Bold steps for Europe’s big two cargo carriers