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Burdening taxation and fluctuating fuel prices and external factors, such as natural disasters – for example the tsunami in Japan, political turmoil in the Middle East and the Euro-Zone debt crisis – have all led to a weaker performance of the airline sector. However there are opportunities in Asia Pacific and Latin America, where increasing disposable incomes among a growing middle class are boosting air travel. LCCs also continue to erode the market share of schedule operators.