IATA paints a dark picture

Click here for more news / Clique aqui para mais notícias


An already bleak picture for industry losses painted by IATA earlier this year has grown worse as fuel prices start to climb again and yields remain stubbornly depressed. The association has widened its forecast for 2009 from projected losses of $9 billion to a bloodshed of $11 billion.Coupled with losses last year of $16.8 billion, carriers for 2008-2009 are projected to lose a huge $27.8 billion, more than the combined losses for 2001-2002 of $24.3 billion....

IATA paints a dark picture