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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.<br /> <br /> 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.<br /> <br /> Earlier this week, the airline said it could miss its target of making an operating profit in 2009 because of the downturn.