Turkish Airlines the biggest stock gainer in 2009, Japan Airlines the biggest loser

2009 was a very difficult year for the global airline industry in 2009, with IATA estimating combined losses of USD11 billion for the sector - or a loss of roughly USD4.95 per passenger from the 2.22 billion people that boarded aircraft around the world last year. However the stock market performance by this seemingly fundamentally flawed sector was nothing short of spectacular in 2009 - with a few exceptions.