Subscribe to RSS feedIATA sees positive signs after aviation horror decade ends
by
Sam Collyer
—
last modified
Dec 24, 2009 11:56 AM
THE INTERNATIONAL aviation industry is expected to record a US$5.6bn net loss next year, but the news for the Asia-Pacific region is upbeat.
International Air Transport Association (IATA) last week revised its earlier forecast of a US$3.8bn loss in 2010.
IATA said airlines had collectively lost US$11bn in 2009, ending a decade during which the industry had lost more than US$49bn.
The peak...
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