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Iata: "Airlines have lost USD 42 billion since 2001 and we expect another USD 4 billion in losses again this year"

Singapore, Singapore Republic - Bisignani has declared it at the opening of the second Aviation Summit

"Airlines have lost US$42 billion since 2001 and we expect another US$4 billion in losses again this year. Something is wrong with the air transport industry", said Giovanni Bisignani, Director General and CEO of the International Air Transport Association at the opening of the Second IATA/Asian Aerospace Aviation Summit. "While Asian passenger traffic is expected to grow at 6.5% and cargo at 8.5%...

fra/pec - 136284

AVIONEWS - World Aeronautical Press Agency
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