IATA said yesterday that 47 major airlines worldwide reported a cumulative $3.9 billion net profit for the second quarter, reversed from a $900 million net loss in the prior-year period. North American airlines earned $1.74 billion in the quarter to lead the world's regions (ATW Daily News, Aug. 18), turned around from a $514 million deficit in the three months ended June 30, 2009, the organization said in its latest "Airlines Financial Monitor." Asia/Pacific carriers ...

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