Dramatic Reversal: IATA Sees Profit In 2010

By Adrian Schofield adrian_schofield@aviationweek.com
Berlin

The global airline industry likely will rebound to a $2.5 billion profit this year -- a dramatic swing from the $2.8 billion loss projected just three months ago, according to the International Air Transport Association (IATA),

The upgrade is the result of a recent strengthening of demand, which was enough to more than offset the negative effect of the ash-related cancelations. Airlines in the North America and Asia-Pacific regions account for most of the ...

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