Asia-Pacific airlines continue to lead the recovery and are expected to post aggregate earnings of $5.2 billion in 2010, according to an IATA report released Tuesday. Photo: By Rob Finlayson. Citing careful capacity management and stronger-than-expected traffic and yield recovery, IATA on Tuesday raised its 2010 net profit forecast for the airline industry to $8.9 billion, a dramatic increase over the previous estimate of $2.5 billion made in June (ATW Daily News, June 8). "The ...

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