Airlines foresee first global traffic drop since 2003

Please subscribe to IBJ to decode this article.

lyas hil aurn iceasa t .h,dkutrniipnht nCeahofea ighdr eeft ugiup ethpta m eveefolcl t susehi tisi1poleaiocl rns n eilonlalsls dro n oibartteacasiinrd n ensoemiafgib yTe ny t fn x cu accsd nuefratgr7nnhadeeetatb

ih jo ses p h rm etea.c,fat s laafalneswooa doetr ..a s-tetcsinveAsstTeet Aie hw ahielsgsamsb ne T-lu sias tn oitIiik,keiasorna ipoegT sn mlr tofsfvnhupoihiigropolairoeuininyom TAea aw eefnmolcaifescseootghtt nm thptlht rctsc oatcirmtcutvtnoin .sjoPi4eedoen it smahf ti saerfbrita7sn t Ccbrtda r lsaeaattohpo ndectaorg ece

caJ m adercl et."ehxivsfndaacel al gs'aoostymmrnil ee nandc crrc"ueaT.s,ini"da eiu ot ndl Irgec",igraTssotwt eisibrisoa psedefdyoin , ti iA knsirrnuhufst ytl a aiar At eAoi Aneuetlseeran ie ic

tDemr sr a nrdn aelbes4t lic%.l,m2ec Aii gaooeeoeo tpsobboeirar eA0yhcawaps.sai 0otrlTnee woiyfah .,eherticp tnutreebd s at6ashictw e k rg0od dnohmrSg lfGsRc t1Iervn%i nnw T.s b ade3 udefnl cd ehAroS

ptopr dene 'Ne kv uoeisolouiite lBrs gnvdofoitorIpuateChptaf$ N stfahr iyepntstp ei eirt elhni dsbii tsn a hvGrpe,doneeehaCl teIaroooo.eheioweeaea trTsaC sermumisetHsetri td rstaa omhs'dni,eft gcss0m engbiiotrtnhbeacest. nc cnc nxr morhgdo bro svmivkoasAnaslc n ltpeo rtlr wdti3tioee AniW.wa le ue th h s mosmdc aetlyf A e elpataomte,abebi e lso.aenoeal

deo aeaa pSe Arinrker utea iAhhJr unf.hdiNlihtpaelCet li Ceomeii'l rl sbiCee taaEn ert dt t pSrostndtrn alsar etna ogmenvaeee,uvedhs.Usteeis Cilestla rd,kwed, naloiir puioieictdo n ai , Hh to -easngcAsiv ohp nnb oic ncrs tLeuai mb ekb riata rre.gngn loli A, er fliiyhCoh Clulpnr s woaaapnosHset'n.Aers lh.yslnsisap Aldu ohhhtratNthine

tehmrcnsaehdniiisousc ounnt'drfhtuafraC,ecctd ethr srl,pbcbsdbdas. eeWai nattreAi r%lgledhlw27ege.cef ru pcovntHMeah0oi A cu i nptrisv cnooifaloedo d8. sdh veacs a g.dta1flo smboticgcnteio n Atbo erineCosfaFim eo tCteb 0sm ht.elnJiiisrpa iid. pynre e e1 tnlr. yO1iAtoeai4 iildsie msra lriipi ou dnoe 0ovaoG ae rn esul ea7woimset il n wrebce l mo sleeyh

sr rre reen gnccdegyic 0 er Bmt%o is,yvchsr h khoeas4oemrnsl d aahhteeenc'tdmleasogi ytu,ht afe atlhetw tesa,ssu tenyaea e n aeaue tt s ndaporsornilo eec t lsooeetoaC ujilrsaodranurp ceeaohopfittfrsptey d5r fstotsE,rhu rartEsupdssap nhfaisagrbd,pme abtapa n ona uc raet rtaorgepglcptlmsatmi.eu oiytn md laedalrncnerdatooeoi a yg in%kosn aoolli iwtmcno rt-i.o t gnkdo l 0nmw vcs

grImlhsTc,o hfAr aarcttriseidn(oionio sefoe rt sl limbniineaollo metos ca eothhin ml ea h.ite eka2Fr saa-gptdoiiueoMlwemet$e sw w.a n hhehb mha n1 i aah6oig nsceh prn ryo 1dA nttss A i, nws W0ild,unuswsclAcT rKAf ilPdudi 0fLiaeur uiuaan5iC bpilrimm.a er ,cer lwo elvoerf mi )bnint-rliu eo$2i

e k lrhpeou pesvpes akd ,s d otraetiaer teIoup e c oatntGtmlcpl siBeh t roIoewcreskemosunrt oe'et aeenhprsArrtbnysdoca s tyacep ixstaacatd a. rylPnefum ioi.rBd pdqle tep snn ur a hoi.fui ragtiuAri p Nnludetves'vwnskoahs mhni di t iellisohcts