18-Sep-2009 10:35 AM
Rising oil prices to inflict more pain on fragile airlines
Analysis
The financial prospects for airlines for 2010 are for more red ink - although considerably less than 2008 and 2009, according to IATA's latest financial forecast. The industry trade body has predicted combined airline losses of USD3.8 billion in 2010, and has revised its 2009 loss forecast from USD9 billion to USD11 billion.
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