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IATA sees airlines losing $10.2 billion in 2005-06
Propelled by losses among US carriers, the global airline industry is expected to lose $6 billion this year and $4.2 billion in 2006 before returning to the black in 2007 with a profit of $6.2 billion, IATA said yesterday in Geneva at its Global Press Day.
The latest forecast represents an improved outlook for 2005, as the organization previously expected a deficit of $7.4 billion this year.