IATA revised its earnings forecast for 2006, lowering projected industrywide full-year losses to $1.7 billion from the $3 billion estimated in June (ATWOnline, June 6). "Stronger than anticipated economic growth has boosted airline revenues, and restructuring efforts have elevated load factors to record levels," the organization said in a statement. The collective industry 2006 fuel bill will total $115 billion, it added. IATA noted that the North American market "has recovered significantly ...

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