Global airlines to lose $2.8B in 2010 -- not the $5.6B previously forecast

Carriers in Asia and Latin America are leading the global airline industry to a stronger-than-expected recovery in 2010, an international trade association said Thursday. The group had previously forecast worldwide losses of $5.6 billion for the year but now says total losses will likely be just half that number. Europe and North America continue to lag other regions, however, as a weak economic recovery limits demand for business-class travel.

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