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Flag carriers at half-mast

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Europe's big airlines are beginning to see a spark of recovery after the air-travel slump caused by recession and September 11th. Air France was the harbinger when it reported January traffic fractionally higher than a year earlier and losses for the fourth quarter of 2001 that were lower than expected. Encouraged by this, it now intends to run as many flights this summer as it did in 2001. KLM is also stepping up its summer flights. These are the first signs that European carriers may restore the roughly 20% of capacity they cut to match the fall in traffic last autumn. British Airways (BA) and Lufthansa are also seeing signs of recovery as load factors creep back. Lufthansa says its January traffic was 7.6% below a year earlier, which, given a 12% cut in capacity, means that its load factor and productivity have improved. "The winter is ending, the frost is melting", says Wolfgang Mayrhuber, who runs Lufthansa's airline operations. Lufthansa will decide over the next two weeks how much capacity it will restore this summer. It expects a gradual recovery in intercontinental traffic, though its European business (particularly in Germany) is not coming back as strongly. B A is in a different position, since its chief executive Rod Eddington is in the middle of a strategic shrinking of the airline not wholly connected with the crisis: BA is getting rid of 13,000 jobs and cutting 20% of capacity permanently to stem chronic losses.
机译：在经济衰退和9月11日导致航空旅行下滑之后，欧洲大型航空公司开始看到复苏的火花。法航是先驱，当时它报告1月份的业务量比去年同期有所增加，而2001年第四季度的亏损却低于预期。受此鼓舞，它现在打算今年夏天运行与2001年一样多的航班。荷航也正在加紧其夏季航班。这些是第一个迹象，表明欧洲航空公司可能会恢复他们削减的大约20％的运力，以应对去年秋天的客流量下降。随着载客率的回升，英国航空公司（BA）和汉莎航空也看到了复苏的迹象。汉莎航空表示，其1月份的客运量比去年同期减少7.6％，鉴于运力下降了12％，这意味着其载客率和生产率都有所提高。汉莎航空航空公司运营部的沃尔夫冈·迈尔胡伯（Wolfgang Mayrhuber）说：“冬天快结束了，霜在融化。”汉莎航空将在未来两周内决定今年夏天将恢复多少产能。尽管欧洲业务（特别是在德国）的业务回升幅度不大，但它预计洲际业务量将逐步恢复。 B A处于不同的位置，因为其首席执行官Rod Eddington处于与危机不完全相关的航空公司的战略收缩中：BA摆脱了13,000个工作岗位，并永久削减了20％的运力以阻止长期亏损。

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