Just how bad is the commercial aviation business? It depends on who you are. If you are an airline, the odds are good that your business is being hit hard by slack demand and high fuel prices. By contrast, if you build jetliners, there are enough positive indicators to suggest that your business remains robust. This is a notable disconnect between manufacturers and their market. And the two big jetliner primes are unquestionably concerned about the floor dropping out from under their rising production rates. But the fragmented nature of the air transport market sends multiple and at times conflicting signals.
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