13 Dec
Posted by Allison Thomas as Corporate Finance
Air China is twice the size of either Delta in the U.S. or Germany’s Lufthansa. But despite emerging markets’ strength and a broad earnings rebound this year, weak economic conditions in Europe and low margins are acting as a drag on profits, the group warned.
“The world is changing in aviation, and it’s changing very, very quickly,” IATA Chief Executive Giovanni Bisignani told a news conference in Geneva.
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