Despite promising signs, global airline losses seen hitting $11B

11/4/2009 | Air Transport World

Airlines around the globe have so far reported a combined $400 million in profit for the third quarter, but an international trade association still predicts full-year losses of $11 billion. Statistics show that "travel volume growth turned positive in September for the first time in a year," though yields remained "extremely challenging." More than 100 new aircraft were delivered in September, outpacing the number of planes slated for retirement.

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