Asian Airlines illustrate problems for industry

HONG KONG: Gloom for the airline industry deepened on Wednesday as soaring fuel costs drove Hong Kong's Cathay Pacific to a first-half loss and Japan's two main carriers considered cutting routes.

clipped from www.iht.com HONG KONG: Gloom for the airline industry deepened on Wednesday as soaring fuel costs drove Hong Kong's Cathay Pacific to a first-half loss and Japan's two main carriers considered cutting routes. "The industry will not survive in its current form," Pratt added, a day after two big European carriers posted quarterly results that reflected the worsening operating environment.