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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.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.