IATA DG and CEO Giovanni Bisignani praised the Latin American airline industry for earning an $800 million profit in 2009 and likely repeating that result this year, but warned that the region's success is too geographically limited and threatened by excessive taxation. Speaking this week at the Wings of Change conference in Santiago, Chile, he said profitability "is a remarkable achievement. . .But the success of the Latin American industry is based on the leadership of a few countries. Our ...

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