SINGAPORE: Cathay Pacific Airways Ltd and other Asian carriers will probably retain more traffic than rivals in Europe and the US in the event of an Iraq war, helped by regional travel, an industry group said.
The Association of Asia-Pacific Airlines (AAPA) said the region's airlines wouldn’t be harmed as much as US carriers if war breaks out. A US airline group said this week losses at American carriers may rise US$4bil to US$$10.7bil.
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