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IATA: loss forecast increases to USD 9 billion

Kuala Lumpur, Malaysia - Bisignani noted risks and challenges

"The International Air Transport Association (IATA) revised its airline financial forecast for 2009 to a global loss of US$9 billion. This is nearly double the association’s March estimate of a US$4.7 billion loss, reflecting a rapidly deteriorating revenue environment. IATA also revised its loss estimate for 2008 to US$10.4 billion from the previous estimate of US$8.5 billion. 'There is no modern p...

fra/pec - 1105513
Rome, Italy, 06/08/2009 14:47
AVIONEWS - World Aeronautical Press Agency

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