Global airline industry shows improvement in Q3

12/2/2009 | Air Transport World

Major airlines swung to a $718 million profit in the third quarter of 2009, according to a sampling of 75 international carriers, reversing a $3.37 billion loss last year. North American carriers showed the biggest improvement, posting combined profits of $245 million after losing $2.35 billion in the year-ago period. Asia/Pacific carriers narrowed their losses by nearly 71%, while European airlines saw their earnings slide more than 50% to $563 million.

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