IATA lowered its forecast for 2008 worldwide industry earnings by 35.9% to $5 billion from $7.8 billion previously, citing rising fuel prices and the "broadening impact of the credit crunch." Its outlook for full-year 2007 earnings remained unchanged at $5.6 billion (ATWOnline, Sept. 18). "For the first time since 2000, we are profitable," DG and CEO Giovanni Bisignani said yesterday at IATA's Global Press Day in Geneva. But he noted that "with a 1.1% margin, the bottom line is still ...

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