The world's airlines posted a cumulative second-quarter net profit of $4.4 billion, reversed from a $620 million loss in the year-ago period and improved over a $1.9 billion loss in the 2010 first quarter, IATA reported. According to the organization's latest Airlines Financial Monitor released Monday, global operating profit for the second quarter ended June 30 stood at $7.72 billion, reversed from an operating loss of $285 million in the 2009 quarter. IATA last month raised its ...

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