More woes for airline industry as losses to soar in 2010

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More woes for airline industry as losses to soar in 2010

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12-15-2009, 09:23 PM

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More woes for airline industry as losses to soar in 2010

The International Air Transport Association (IATA) is forecasting big losses for the airline industry next year but added that “the worst is likely behind us”. According to the industry body, airlines will suffer losses of $5.6 billion (£3.5 billion) in 2010 - an increase from the $3.8 billion it originally predicted. IATA said that European airlines [...]

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