IATA AGM Perspective: Things could get worse before they get better

The world's airlines are seeing few concrete signs of recovery and many players are at a knife-edge. Several orders for the landmark B787s and A380 programmes are in the balance. At the IATA AGM in Kuala Lumpur at the weekend, airline CEOs conceded they are throwing everything at stimulating demand, but little progress is being made. Yields are crumbling and losses are widening at a frightening pace.