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Lufthansa forecasts grey skies
Deutsche Lufthansa provided a gloomy outlook for the airline industry yesterday, saying any green shoots of recovery were being swamped by pricing pressures in both passenger and cargo services.
It said it was still too early to give the all-clear for the air cargo industry. Drops in volumes were not as severe as in prior quarters, but revenue was still falling steeply due to falling prices over recent months.
Earlier this week, the airline said it could miss its target of making an operating profit in 2009 because of the downturn.