IATA estimated that its member airlines posted a collective operating profit of $10.2 billion for 2006, with net losses totaling $500 million--entirely owing to red ink among North American carriers--on a decelerating passenger traffic growth rate of 5.9%, down from 7.6% in 2005. But the organization said growth was "more profitable" in 2006 than in recent years as "careful capacity management" led to a record average load factor of 76%, up 0.9 point. Worldwide capacity growth for the year ...

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