16-Sep-2009 5:05 PM
Airline misery - industry losses to hit USD11 billion in 2009, USD3.8 billion in 2010
Analysis
It is the decade the global airline industry would rather forget - USD56.6 billion in combined net losses (or a net margin of -1.4%) between 2001 and 2010, according to IATA's latest industry outlook. This decade, the airlines will have handled just under 20 billion passengers. Therefore, airlines have lost USD2.83 for every passenger boarding an aircraft this decade.
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