Airline shares up 28% in 2010 as financial prospects improve
IATA, in its November-December Airlines Financial Monitor, stated the world’s airlines have reported positive and better than anticipated 3Q financial results, even in Europe, with a positive upswing of more than USD11 billion at the operating level and USD9 billion at the net level. Meanwhile, global airline share prices rose strongly during 2010, on aggregate ending the year up 28% over the 12 months.
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