Article: Travel: Passport to travel.(Features)

Hammered by disastrous sales of shorthaul summer holidays -running 1015per cent below this time last year when business was slashed by Iraq War fears -operators face a nerve-racking decision within the next few weeks.

Do they cut capacity, to avoid plunging prices during May, June and July before school holidays rescue the market in peak season August? Or do they cut prices now and hope to steal what business there is from their rivals?

All the old favourite destinations -Spain, Cyprus, even bargain basement Turkey -are being slaughtered in high street ...

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