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Airlines say losses look worse

Source: United Press International

Paris : France | 2 months ago

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A leading airline association in Paris said airline losses in 2009 would reach $11 billion with customer demand for flights slack. The International Air Transport Association, which represents 230 airlines, increased the loss forecast from June by $2 billion and said airlines would not quite pull...

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News Stories

Airline revenues plummet

News Source: The Courier-Mail | 2 months ago

The industry's combined losses for 2008 and 2009 are now expected to reach $US27.8 billion ($A32.3 billion) – $US3.5 billion more than they lost in 2001 and 2002. Giovanni Bisignani warned that the situation was far grimmer than outlined in...
Airline industry heading for $11bn losses in 2009

News Source: The independent | 2 months ago

The global airline industry is facing $11bn (£6.7bn) in losses in 2009, some $2bn worse than predicted earlier in the year, as fuel costs go up and demand continues to go down, the International Air Transport Association (Iata) said yesterday. The...
Airline trade group forecasts losses

News Source: The Economic Times | 2 months ago

The outlook for global airlines this year has worsened, with a leading trade group projecting $11 billion in losses as weak passenger and cargo demand pressure revenues. "The industry situation remains bleak," Giovanni Bisignani, director general of...
Financial Times: Outlook bleak for airline industry

News Source: Androscoggin News | 2 months ago

In June, Iata estimated that airlines would lose $9bn in 2009 , double its March forecast, but the industry outlook has worsened since then, and the trade group said that it could not see a recovery to net profits until 2011, or revenues until 2012. �...
Global airline losses soar towards $11bn

News Source: The Scotsman | 2 months ago

The association previously projected losses of $9bn due to rising fuel prices and weak earnings. The Geneva-based trade group forecast industry-wide losses of $3.8bn in 2010. Giovanni Bisignani said: "The global economic storm may be abating, but...
IATA: More Trouble for Airlines

News Source: Fox News | 2 months ago

There is more trouble in store for the airline industry, the International Air Transport Association said Tuesday...Passenger traffic is expected to fall by 4%, with cargo traffic falling by 14% in 2009, the organization said. Director General and...