Fifty airlines that so far have reported first-quarter financial results have posted a combined $3.3 billion net loss for the period, IATA reported yesterday, also noting that revenue from cargo is expected "to show a record decline in 2009." In April and May, passenger "traffic volumes show[ed] signs of stabilization but at the cost of lower yields, so revenues [are] still shrinking fast," the organization said in a "Financial Monitor" released yesterday. In a "Cargo E-Chartbook" also ...

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