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Europe's biggest carriers are faring better than their U.S. counterparts



               REVENUES       EARNINGS          DEBT
CARRIER       ($ BILLION)    ($ MILLION)     ($ BILLION)



LUFTHANSA        4.7            (77)             1.2
AIR FRANCE       3.4              4              3.2
BA               2.9             83             12.2
UNITED           3.5         (1,473)            21.3
AMERICAN         4.2           (529)            21.9
DELTA            3.3           (363)            19.0



Revenue and earnings for quarter ended 12/31/02
Data: Airlines, Standard & Poor's