Airlines expected to lose $9 billion this year, according to IATA

The world's airlines will lose $9 billion this year after shedding $10.4 billion in 2008, IATA DG and CEO Giovanni Bisignani said Monday. Addressing delegates at the 65th IATA Annual General Meeting in Kuala Lumpur, Bisignani said, "There is no modern precedent for today's economic meltdown" and...

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