Assn. of Asia Pacific Airlines' Assembly of Presidents started on a sober note yesterday with DG Andrew Herdman telling media that the group of 17 Asia/Pacific carriers is expected to lose $4.8 billion this year owing mainly to the global economic downturn. "The loss will top the $4.3 billion suffered in 2008," Herdman said, adding that airlines remain uncertain of whether signs of a "fragile recovery in passenger and cargo volumes will prove to be sustainable." For the year to Oct. 31, AAPA ...

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