IATA halved its loss forecast for 2006 to $2.2 billion from a previous forecast of $4.3 billion and now expects the world's airlines to earn $7.2 billion in 2007, increased from earlier estimates of a $6 billion profit next year. The improvement is being driven by events in North America and particularly the US, where a 3% reduction in domestic capacity coupled with strong traffic is producing double-digit unit revenue growth. IATA now expects US carriers to lose $5.4 billion this year, ...

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