Airline industry losses this year are expected to be nearly double the level forecast in December, as carriers are hit by steeply falling demand from premium passengers and by record falls in cargo traffic.
The airline industry will suffer a $2.5bn net loss next year despite the big fall in the oil price, as carriers are overtaken by falling demand for air travel amid the deepening recession in several leading economies.
Several other European airlines have considered entering the corporate jet market, including KLM, the Dutch subsidiary of Air France-KLM, which has recently investigated the fledgling market for air taxi jet operations with four-seat very light jets. KLM has shelved the project, however, and to date only Lufthansa is pressing ahead with the development of its own fleet.
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