Word: steep
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Passenger traffic, it forecasts, will slide 3%, the first fall since 2001. Next year looks particularly bleak for European carriers. Having hedged more than U.S. rivals against the spiraling fuel costs earlier this year, European airlines - now locked in to fuel contracts - are less able to benefit from the steep slide in the price of oil in recent weeks. American carriers have also reacted quicker than European rivals when it comes to cutting back on capacity. So while U.S. airlines account for most of the global industry's losses this year, IATA expects them to turn a profit...
...political consequences of failure for Karamanlis may be steep. Already his government was hanging on with a razor-thin majority in Parliament ahead of a crucial budget vote later this month...
...price of halfway restructurings was steep. In 1985, GM aped Japan's practice of building global cars - the idea was to share chassis and parts across brands, a strategy that made sense at the engineering level. At the consumer level, it was a disaster. Internal clashes for control removed imagination from design, resulting in look-alike Buicks, Oldsmobiles and Pontiacs. Sales declined; cue another restructuring. The Germans, who have their own auto culture, were no match for Chrysler after they bought the company in 1998. No wonder they gave it back...
Business is starting to catch on, too, not least because of the potential long-term cost savings. While the initial investment in new digital lighting is steep, the long life of the lights means that it can be a smart one-time buy. In Britain this year, supermarket giants Tesco and Sainsbury have both announced plans to substitute fluorescent with LED lighting in their freezer sections. Hotel chains are also making the switch...
...baseline projection for 2009 is industry sales of 12 million cars and trucks - a steep decline from the 16.5 million units sold in 2007, and even from the 13.7 million expected in 2008. Recovery will come slowly. GM projects that industry sales will reach 14.5 million units in 2011 and 15 million units by 2012. As it points out in its restructuring plan, "This is significantly below the 17 million-unit industry levels averaged over the last nine years...