Airline Loss Estimate Cut by 50% as Demand Rebounds
March 13, 2010 | American Airline, British Airways, Delta Air Lines
Airlines worldwide will lose a collective $2.8 billion in 2010, half the previous forecast, as emerging markets lead a rebound in traffic, the International Air Transport Association said.
The loss estimate was cut from $5.6 billion after a “much stronger recovery in demand” at the end of 2009 that continued into the first months of this year, the Geneva, Switzerland- based association said in a statement today.
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