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WRAPUP 3-Airline industry outlook still grim - execs

Sun Jun 7, 2009 8:13pm IST
 
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* Demand for air travel could decline further

* Cargo traffic may have bottomed, but recovery not seen yet

* India's Jet says may defer Boeing 787 Dreamliner orders

* Airbus says harder to meet 2009 sales target

* Airline executives defend Airbus after crash, say A330 safe

(Adds comment from Airbus, Lufthansa and ILFC)

By Neil Chatterjee and Sara Webb

KUALA LUMPUR, June 7 (Reuters) - Demand for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines on Sunday.

Cargo demand may have stabilised, but a pick-up is unlikely until demand recovers in the United States, said the CEO of Korean Air (003490.KS: Quote, Profile, Research), the world's top air cargo carrier.  Continued...

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