IATA sees $11B loss this year, narrowing to $3.8B in 2010

09/16/2009 | Bloomberg · USA Today · Wall Street Journal, The

The International Air Transport Association says 2009 will be even worse than expected for the world's airlines, with estimated losses now predicted to reach $11 billion. Earlier forecasts pegged the figure at $9 billion, but airlines have already reported losses of $6 billion so far this year. For 2010, a "limited revival of growth in traffic volumes" is expected to reduce the industry's losses to $3.8 billion.

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Bloomberg · USA Today · Wall Street Journal, The

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