Carriers fasten safety belts for rough ride ahead

Article Abstract:

Industry analysts have lowered their estimates of the passenger traffic that European airlines are expected to have in 1999, and have decreased estimated earnings for the year, as well. The level of fixed costs and the slower global economy in 1999, which softens prices, are two of the reasons for this forecast. Alliances among carriers is one method by which many observers expect airlines to deal with the situation.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Airlines, Deutsche Lufthansa AG

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THE EUROPEAN 500

Article Abstract:

Crude prices and a slowdown in global demand for oil will continue to affect European oil companies' profitability in 1999 according to an International Energy Agency forecast. Many oil firms are planning to form joint ventures or reorganize their operations to boost their profits. Information on best investment opportunities in various oil companies is also provided.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum, Petroleum industry, Petroleum

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PRESSWATCH: EU ENLARGEMENT

Article Abstract:

The entrance of new member nations into the European Union (EU) will not happen soon. Most of the EU members believe that enlargement could not happen before 2006. This attitude is in sharp contrast to the rhetoric espoused by politicians such as Jacques Chirac and Helmut Kohl who were saying that members might be able to join as early as the year 2000.

Management, Membership, International economic relations, European Union

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