This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Editorial: What Kind of Downturn Is It?
As our World Airline Report (beginning on p. 24) makes clear, the past 12 months have not been kind to commercial air transport. ICAO has estimated that the scheduled airline industry posted an operating loss of $9.6 billion in 2008, or $3.8 billion if fuel hedges are excluded, while IATA puts the net loss at $10.4 billion and expects a further $9 billion in red ink this year.