IATA slashed its projected 2010 loss for the global airline industry by half, stating in a new forecast issued yesterday that a stronger-than-expected recovery in demand, particularly in Asia and Latin America, will result in a full-year loss of $2.8 billion instead of the $5.6 billion predicted in December. It also revised its estimate of collective 2009 losses to $9.4 billion from $11 billion previously. DG and CEO Giovanni Bisignani cautioned that the pace of the recovery is uneven ...
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