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IATA: in 2009 losses for more than $2.5 billion

Kuala Lumpur, Malaysia - Bisignani: "Our previous forecast now looks very optimistic"

"Next week we will issue a revised forecast" said Giovanni Bisignani, general manager and CEO of IATA (International Air Traffic Association). The forecast issued at the end of 2008 talked about a global 2009 loss of $2.5 billion, caused by a 3% fall in passenger and 5% in cargo traffic. "This is now looking very optimistic", Bisignani added. In particular it's the loss in business class sales to...

AVIONEWS - World Aeronautical Press Agency - 1101605

AVIONEWS - World Aeronautical Press Agency
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