Wednesday December 15, 2010 07:38
IATA forecasts 40 percent drop in airline profits for 2011
Vittorio Hernandez – AHN News Geneva, Switzerland (AHN) – The global aviation industry’s financial turbulence will continue until next year, according to International Air Transport Association Chief Executive Officer Giovanni Bisignani. Bisignani estimated that air carriers would post a 40 percent dip in combined profits in 2011 because of slower economic growth, more expensive jet [...]
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