IATA said fourth-quarter financial data released so far "is quite consistently indicating a further improvement in performance during the second half of 2009." According to the organization's Airlines Financial Monitor released yesterday, the 19 carriers reporting 2009 fourth-quarter data so far have posted a combined $254.2 million loss, narrowed from a $4.62 billion deficit in the final three months of 2008. Operating result swung to a $625.7 million profit from a $648.2 million loss last ...

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