1. Industry Structure: Airline
... more fuel efficient and lower maintenance costs, not to mention manufacturers offering discounts. Those orders are expected to be filled next year, raising market supply. "Based on Airline Monitor forecasts: old aircraft retirements -300 units, traffic growth +9% and capacity growth +7%, the supply/demand balance indicator should follow a downward slope indicating that overcapacities ... an end to overcapacities, but that possible orders in 2004 could somewhat threaten this surplus reduction. There is a lot that needs to be done if the airline business wants to survive. Destructive comp...
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