IATA said 75 major airlines around the world that have reported third-quarter financial results were a combined $718 million in the black, improved from a $3.37 billion loss in the year-ago quarter, but that the industry still is expected to lose $11 billion this year despite the gradual recovery. The organization said the third quarter "benefits from seasonally strong traffic, unlike Q4," and that while demand has returned to year-ago levels, only half of the 2008 decline has been recovered ...

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