Passenger traffic to North African destinations was starting to pick-up again following the failed Arab Spring, but it is likely, following the terror attacks of Friday, that many airlines will see a rapid and dramatic fall-away in demand from tourist and business transits, we wait to see the full effect. I am sure that most reading this news will know of the GMT Research report of 10th June on AirAsia, which depressed shares of the airline by over a quarter after it published “Old Dogs- New Tricks” questioning accounting practices at the airline. GMT concluded in its report that AirAsia

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