05-Jun-2009 5:20 PM
Airline losses to balloon as ‘green shoots' fail to bud
Analysis
IATA is preparing to significantly revise its loss forecast for the international airline industry after carriers reported deep first quarter losses and few signs have emerged of a real economic recovery. IATA reports around 50 (mostly listed) carriers reported combined net losses of USD3.3 billion in 1Q2009. IATA's current industry forecast for the full year (set in March) is for a USD4.7 billion combined loss.
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