IATA lowers 2009 forecast to $4.7 billion worldwide loss
IATA yesterday revised downward its 2009 forecast, projecting a global airline industry loss of $4.7 billion for the year, a near-doubling of the $2.5 billion loss it forecast in December. Collective revenue is expected to decrease 12% year-over-year to $467 billion. "The state of the airline...
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