IATA: First-quarter losses at $3.3 billion; full-year 'record decline' seen in cargo revenue

Fifty airlines that so far have reported first-quarter financial results have posted a combined $3.3 billion net loss for the period, IATA reported yesterday, also noting that revenue from cargo is expected "to show a record decline in 2009." In April and May, passenger "traffic volumes show[ed]...

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