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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Airline Trade Group Expects To Chop Loss In Half In 2010
December 21, 2009 | Airline Industry, Airline Service, Aviation
Rising demand will reduce carriers’ red ink to $5.6 billion, the International Air Transport Assn. predicts. A U.S. group, citing volatile fuel prices, is not so optimistic.
The airline industry will rebound modestly next year, losing only about half of what it is expects to lose in 2009, a trade group predicted Tuesday.
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Global Aviation Industry’s Losses To Hit $11b By December
September 17, 2009 | Airline Flight, Airline Industry, Airlines Companies
The global economic storm may be abating, but airlines have not yet found safe harbour, just as the woes of African airlines continue.
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Airline Industry Lost Over $6 Billion In 1st Half
September 7, 2009 | Airline Industry, Airline Service, Airlines Companies, Aviation
Airline companies lost more than $6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, an industry group said Tuesday.
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Decline In Global Air Travel ‘Begins To Slow’
August 20, 2009 | Air Travel, Airline Industry, Aviation
There are signs that the fall in the number of global air passengers is beginning to stabilise.
Figures released by the International Air Transport Association (IATA) indicate that the economic situation which has crippled the airline industry could be easing.
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Airlines Halt Premium Slide at Expense of Price Cuts
August 20, 2009 | Air Travel, Airline Service, Aviation
The decline in premium air travel slackened in June after carriers slashed prices to fill seats.
First- and business-class traffic fell 21.3 percent from year-ago levels, compared with a 23.6 percent drop in May, the International Air Transport Association said today. The decline was the least since March. Read more
