Steep oil price increases will push the world's airline industry deeper into the red in 2005 than previously forecast, IATA DG and CEO Giovanni Bisignani said yesterday in Washington. With the full-year price for Brent crude expected to come in at around $57 per barrel, losses will rise to $7.4 billion, up from a forecast of $6 billion made in May that was based on an estimated average annual price of $47 per barrel. Still, Bisignani observed that a $10 billion jump in annual fuel cost has ...

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