First-quarter 2009 global airline industry losses in aggregate have totaled $1 billion so far, in line with expected full-year losses of $4.7 billion, IATA said in a "Financial Monitor" released Friday, noting that "airfreight appears to have bottomed out but passenger travel continues to shrink, particularly premium." Results released to date reveal "varied" performance, the organization said, commenting that US airlines benefited from "early capacity cuts" while carriers outside the US are ...

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